Dec 2, 2022 | All Members, Halifax, Pensions
The Times and Financial Times have reported that the Trustee responsible for managing Lloyds Banking Group Pension Schemes with assets worth £50 billion was forced into a fire sale of equities and faced collateral calls of billions of pounds at the height of the gilts...
Nov 25, 2022 | All Members, Halifax, Pay
Those Lloyds Banking Group staff who receive Universal Credit never got the full amount of the last cost of living payment in October because of the way the benefit works. If nothing changes, those same staff won’t get the full benefit of the cost of living payment in...
Nov 17, 2022 | All Members, Halifax, Pensions
In a previous Newsletter we called on Charlie Nunn, Group Chief Executive, to undertake an immediate review of the pension cap now that inflation was spiralling out of control. The Retail Price Index (RPI) hit 14.2% in the year to October. It’s at its highest level...
Nov 14, 2022 | All Members, Halifax
Significant numbers of members have contacted us to say that some managers have been told to start to apply considerable pressure when people report sickness absence. We’ve seen numerous cases of: 1.Members being told to contact more senior managers directly if they...
Nov 8, 2022 | All Members, Pay
Members are not being fooled by the bank’s headline pay figures and the deeper they dig into the figures the more they realise they are being taken for fools. The bank is rushing through the deal in the hope that by the time staff realise they have been hoodwinked...
