Lloyds Banking Group has announced that Tusker will now be the sole provider for all its new salary sacrifice business.

Tusker was acquired by Lloyds in February, and is continuing as a standalone business.

Lloyds’ Lex Autolease business will continue to support existing salary sacrifice customers and be the group’s primary business contract hire and personal leasing provider.

Lloyds managing director for transport Nick Williams said: “Through Tusker we are now able to offer businesses and enterprises a market leading salary sacrifice scheme that will both improve their benefit packages and help them to transition to net zero. 

“As we continue to expand our transport business, we are committed to leveraging the expertise across our brands to offer access to affordable electric vehicles.”