FCA Gets Powers To Stop Branch Closures?

Aug 18, 2021 | All Members

The Financial Conduct Authority (FCA) is considering introducing new rules which would give it the power to stop banks from closing branches. It is estimated that since the pandemic began, some 529 branches have been earmarked for closure. In June, Lloyds said that it...

‘Spooky Action At A Distance’

Aug 3, 2021 | All Members

What is the significance of the bank announcing that it is diluting a key part of the Lloyd’s job security policy but not implementing it until 1st January 2024? What’s happening in 2024? We’ve always worked on the basis that whenever the bank says it wants to change...

“Return Is Voluntary Over The Summer”

Jul 21, 2021 | All Members, COVID-19

That’s what Matt Sinnott, Group People & Property Director, said recently. The clear implication of his statement was that after the summer holidays, return to offices – in some form – will become compulsory for Lloyds Banking Group staff. In his...

More Flexibility?

Jul 13, 2021 | All Members

The retail bank is going to be pushing staff for greater flexibility over the next few weeks. In a note to staff, Jo Harris, Managing Director, Lloyds Bank and Bank of Scotland said: “Our current working patterns and ways of working mean that we don’t always have the...

Accord Criticises Pay Deal Agreed By Accord.

Jul 1, 2021 | All Members, Pay

You couldn’t make this stuff up. In a recent note to his members Accord’s General Secretary criticised this year’s pay deal. He said: “…Accord members have already been impacted by a pay review for 2021 that’s now below inflation”. That’s the same General Secretary...

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