Dec 15, 2022 | All Members, GMP Court Case, Pensions
At the end of October, we wrote to hundreds of members who had transferred their pensions out of one of the Lloyds Banking Group final salary pension scheme providing them with a standard letter to send to the Trustee. That letter said: “I have enclosed details of...
Dec 14, 2022 | Advice, All Members
“My manager said I could try the new job and if I wasn’t happy with it I could go back to my old role. Now they’re saying that this assurance was never given and that my transfer is permanent.”. I’m sure you won’t be surprised to hear that routinely we receive calls...
Dec 7, 2022 | Advice, All Members
Most of us don’t think we’ll ever be subject to disciplinary action at work. In fact, one of the things we hear most often from members is: “I just didn’t think it would happen to me”. And the more senior the people affected are, the bigger the shock! Those very words...
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...
