Dec 3, 2020 | Advice, All Members
For some, the Bank’s invitation to move to a Customer Services role will, on the face of it, be a welcome one. The opportunity to work from home will be desirable to many, but as the saying goes, ‘you don’t get something for nothing’ and members must pay careful...
Dec 2, 2020 | All Members, GMP Court Case
The Financial Times, commenting on our landmark High Court case, said: “Hundreds of thousands of former members of final salary pension schemes are now in line for a financial boost following a landmark High Court ruling on historical gender discrimination.” The key...
Nov 27, 2020 | All Members
On the 25th November, HM Treasury and the UK Statistics Authority published their response to this year’s consultation on the reform of the Retail Price Index (RPI). It was not mentioned at all in the Chancellor’s speech to House of Commons. This so-called reform, if...
Nov 22, 2020 | All Members, Executive Pay
Members will recall that Lloyds gave frontline managers an extra day off and a family takeaway for their efforts in managing staff during the early stages of the pandemic. Whilst the bank was being dragged kicking and screaming into making such a paltry award, Mr...
Nov 20, 2020 | All Members, GMP Court Case
We’ve won in the High Court again. In the second part of the most important pension case in 30 years, the High Court has ruled today that the Lloyds Banking Group pension schemes are legally responsible for equalising the guaranteed minimum pensions (GMPs) for those...
Nov 17, 2020 | All Members, COVID-19
Lloyds has said that: “colleagues will work from one branch only, unless needed as ‘critical resource’, to open and run another branch”. The reality for many staff is quite different. We’re getting a large number of telephone calls from members who are being asked to...
