How does the relationship between Sainsburys and Lloyds work?
It’s an extremely effective operating model that enables us to benefit from a fantastic brand and a low-cost distribution model via the Supermarket. We have access to a range of expertise and skills and operate an outsourced model where appropriate. Lloyds is a market leader in developing financial services products and Sainsbury’s provides us with the ongoing physical access to a supermarket that’s critical. Our ability to pull all of this together enables us to offer a range of products at a price and service beyond the reach of most traditional financial providers.
