Headcount at Schroders-Lloyds wealth venture falls nearly 10% amid closure talks

Headcount at Schroders-Lloyds wealth venture falls nearly 10% amid closure talks

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Lloyds' joint venture with the fund giant has trimmed staff costs amid an uncertain futurePhoto: Chris Ratcliffe/Bloomberg/Getty Images

Headcount at Schroders’ wealth tie-up with Lloyds slumped by nearly 10% in 2024, as it looked to shore up costs and bounce back from a year of losses.

Average staff numbers at Schroders Personal Wealth fell from 885 to 814 last year, latest accounts show.