Sep 24, 2020 | All Members, COVID-19, Pay
The Bank has been warning staff that there will be little or no payments made through the Group Performance Share for 2020. In a message to staff earlier in the year, the bank said: “As you will have seen in the news, the impact of the coronavirus outbreak is expected...
Sep 19, 2020 | All Members
In a telephone conference held by Zak Mian, Group Director Transformation, it was made clear the Lloyds Board want to move away from the “cyclicality and unpredictability” of net interest income in favour of significantly increasing fee income as part of GSR 4....
Sep 11, 2020 | All Members, COVID-19
Lloyds could have put on hold until next year many of the 865 redundancies in Insurance and Wealth, Retail, Finance and Commercial Banking it announced on Wednesday. Lloyds is not like many of the businesses that have announced redundancies recently. It will still be...
Sep 8, 2020 | Advice, All Members, COVID-19
Covid-19 was always going to provide an opportunity for unscrupulous employers and managers to squeeze through changes which would never normally be accepted in ‘normal’ circumstances, under the guise of a response to coronavirus. In a recent note on changes to branch...
Sep 4, 2020 | All Members, COVID-19
The vast majority of Lloyds and Halifax branches will now close at 3.30. Only the largest branches in central locations will remain open until 5pm. In a recent note to staff, Jo Harris, Managing Director, Lloyds Community Bank, said: “Our branches are increasingly...
Aug 11, 2020 | All Members, COVID-19
According a report produced by Insight Investment, members of the Lloyds TSB No 1 defined benefit pension scheme could be up to £30,000 worse off under proposals being considered by the Government to change the way annual pension increases are calculated. The UK...
