Redundancy Terms Reduced By 50%

Feb 9, 2023 | All Members, Halifax

Lloyds has introduced a new policy which allows it to reduce redundancy payments by 50% if members of staff refuse to accept a ‘reasonable alternative role or reskilling opportunity’. The so called ‘reasonable role alternative’ test is going to be key for the vast...

Review Of Pensions

Feb 8, 2023 | Pensions

As we said in our last email the Trustee of the LBG pension schemes must act in the best interests of scheme members. Many pensioner members are struggling to cope with the cost of living crisis and that’s only going to get worse over the next few months. The Retail...

Culture Wars In Lloyds

Feb 7, 2023 | All Members, Executive Pay, Pensions

Members will recall that in one of our previous Newsletters we discussed in detail the bank’s new retail strategy. Whilst the new value treatment strategies are all very interesting, our concern is about how the rush for growth is going to change the culture of the...

What About Lara?

Jan 31, 2023 | All Members

It took members of staff 20 minutes to evacuate the Lloyds building at London Wall following a fire alarm on the 12th January. That’s simply too long. If it had been a real fire, the consequences of such a delay don’t bear thinking about. A few weeks ago, Lloyds...

Does Your Employer Know You’re Disabled?

Jan 27, 2023 | All Members

A recent case heard at the Employment Appeals Tribunal (EAT) has highlighted the importance of disabled employees informing their employers of their disabilities. The Equality Act 2010 says that people are disabled if they have a physical or mental impairment which...

Pin It on Pinterest