Lloyds Banking Group, which was blasted this week by MPs for “boundless greed” over its bosses’ pay and pensions, has won approval from shareholders — though 10% declined to support the payouts.

The chairs of parliament’s business and pensions committees, Frank Field and Rachel Reeves, started questioning Lloyds on May 2 over the generous pension contributions paid to chief executive António Horta-Osório; at a rate of 33% of salary, they are more than double the 13% rate paid to other employees.