THank you guys for comments about SIPP.
Discussing with the providers It appears that final salary pension is better than SIPP. Still confused though.

21 Sep Lloyds Banking... LLOY UBS Buy 39.76 39.32 50.00 50.00 Retains

50p SP Target.

Lloyd's Insurance Back In Profit (£1.5bln)
http://uk.finance.yahoo.com/news/fewer-disasters-puts-lloyds-back-081036069.html

Lloyd's of London, not Lloyds TSB. Different entities.

Oops, really! Thanks.

It shouldn't be a reason for the weakness.

UBS note out today:
"The UK banks have not heeded exhortations to raise external equity in our view as they simply do not need it. However, we see a risk that the market will focus the absolute equity level requirement as leading to a risk of new equity issuance, to the detriment of current equity value.
Banks are being asked to hold absolute levels of equity, rather than equity being expressed as a proportion of risk assets or total assets. This is a profound change and puts the UK seemingly at odds with all other major economies. However, we believe it is not in itself negative for banks - indeed both the FPC and the FSA characterise the changes in the round as aimed at increasing UK lending by the banks. However, each statement and several others recently from Bank of England officials ... have all focused on having banks raise equity. We believe that the market is likely to become concerned that the absolute levels of equity the banks are being asked to hold may be higher, or substantially higher, than their current equity bases.
* Net UK lending growth is set to be minimally or zero risk weighted. This is designed to encourage banks to lend, although we note the market and rating agencies will likely still look for capital to be held against incremental risk
* This follows from the Funding for Lending Scheme (announced in June) and links with the FSA's loosening of liquidity requirements, detailed in the recent statement. In isolation, the zero weight is positive for the banks and will encourage lending. However, we believe it is clear from the FPC statement that it believes banks may have losses still to recognise from legacy and current books and that therefore this zero risk weight is in effect a 'carrot' to be offered to potential equity investors in new bank equity issuance - the 'stick' being this requirement to increase equity.
We have reduced our price targets by 10% at RBS and 12% at Lloyds to recognise the uncertainty around the potential equity issuance given legacy issues at both; we have also delayed Lloyds dividend resumption into 2014E. Our new price targets are 292.5p and 44p and we move our rating on both to Neutral from Buy; limited upside also brings us back to Neutral from Buy on Barclays."

There is plenty of negative bank orientated sentiment about today.

JPMorgan sued over Bear Stearns mortgage securities

EU says banks should split risky trading from banking

Spain bailout uncertainty pushes European shares lower

Thanks,

These are old stories, being dealt with, now being repeated.

UBS opinion is "pot calling kettle black".

Has been weak today as well. While every other bank is stable or on the rise.
It should change soon, IMO.

Reasons why please ahoj?

your beginning to sound much like cynic these days stan :)

.. You sure BB? -):

Lloyds Banking Group Plc (LLOY)’s plan to pay a first cash dividend since its 2008 bailout has sparked a dispute with regulators, the Sunday Times reported, without saying how it got the information.

The U.K.’s Financial Services Authority is threatening to block the payout to shareholders because the authority wants the lender to preserve its capital to protect against a possible breakup of the euro area, the newspaper said. Lloyds plans to pay the dividend in early 2014 from earnings generated in 2013, according to the report.

.....

So the government will get a divi in addition to the interest on the original bailout loan. Win, win for HMG.

Another try @40p.

A close above 40p (40.32) 12 month high is 40.93p

wow onwards and upwards only another £5 and some will get their money back!

Some already have!