In a move thought to be the first of its kind in the UK, Lloyds Banking Group have started offering health insurance which covers gender dysphoria treatments, including gender reassignment surgery.
The Banking Group, which owns Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows, confirmed that the offer was an “essential” change to ensure the “health and well-being of all our colleagues”.
It is thought that around 20 employees will initially use the policy to take up treatment.
Lloyds have said that staff should be able to have the surgery “a lot quicker” than through other means, in particular through the NHS, where it can take up to 18 months simply for an initial consultation.
Kimberley Bird, deputy co-chairwoman of the Rainbow Network, an LGBT group for the bank’s staff, said: “I think as an organisation we have shown our visible commitment to the trans community.
“Personally I am proud to work for an organisation that just wants to be inclusive.”