Aug 23, 2024 | All Members, Executive Pay
We understand that the Board of Lloyds Banking Group is considering following the lead of Barclays Bank which recently became the first British bank to announce that it was scrapping the cap on executive bonuses. Barclays’ new bonus policy means that the top 1500...
Jul 18, 2024 | All Members
You know things are not going to plan when someone starts checking the taxi receipts. Lloyds is two years into a £4bn strategic plan to diversify income streams away from those, like mortgages, that are dependent on interest rates. It’s not quite going according to...
Jun 28, 2024 | All Members, Redundancies
Lloyds has announced that it is reducing the number of Mortgage & Protection Advisors by 130 with effect from 1st October 2024. The number of Mortgage Managers is also being reduced. All told, 182 mortgage jobs will be redundant. All Mortgage & Protection...
Jun 25, 2024 | All Members, Pensions
The new sales dashboards for individual members of staff are just a few weeks old but what’s crystal clear is that staff are now being manged exclusively according to their sales data. Unfortunately, it’s only going to get worse for members. We said that the...
Jun 7, 2024 | All Members, Pensions
Having asked members of the pension scheme what they thought about the service being provided by Willis Towers Watson (WTW), who get paid millions for administering the Lloyds pension schemes, the Trustee has decided not to give members the results! That’s not what...
Jun 3, 2024 | All Members
In a previous Newsletter we wrote about Lloyds rolling out new spying software that would enable it to monitor more closely and intrusively what staff are doing and when they are doing it. In the past few weeks lots of members have received pop up messages telling...
