Access to Economics and Market Insights

MiFID II inducement rules apply to the provision of non-monetary benefits, including research, to firms that manage third-party investments or provide investment advice. In order to manage the risk that its research could be considered as an inducement, Lloyds has chosen to make research it distributes openly available, free of charge, via its website. This is in line with guidance from ESMA, the European Securities and Markets Authority.

While most of our research is appropriate for smaller investors categorised as Retail investors under Financial Conduct Authority (FCA) rules, some of it is only appropriate for larger Professional investors who are considered to be sufficiently expert to be able to properly assess any risks associated with any investment recommendations in the research. Before accessing any of our research you will be asked to confirm whether you are a Retail Investor, and if so will be directed to the research materials that are appropriate for you.

Research intended for Professional investors should not be used or relied upon by Retail investors. Additionally, research can only be accessed if you are within the European Economic Area (EEA). Anyone accessing our research from outside of the EEA will be redirected back to the homepage.

If you require bespoke research please contact us at so we can discuss your requirements.

Please confirm whether you are a Retail investor or a Non-Retail investor.

Important legal information

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service. Please note that any data sent via e-mail is not secure and may be read by others.

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.

Lloyds Banking Group includes companies using brands including Lloyds Bank, Halifax and Bank of Scotland and their associated companies. More information on Lloyds Banking Group can be found at

While all reasonable care has been taken to ensure that the information provided is correct, no liability is accepted by Lloyds Bank for any loss or damage caused to any person relying on any statement or omission. This is for information only and should not be relied upon as offering advice for any set of circumstances. Specific advice should always be sought in each instance.