30% Reduction In Bonuses

The Group Performance Scheme (GPS) pool was reduced from £464.5 million in 2018 to £310.1 million in 2019, a 33% reduction. The main reason for the reduction was PPI claims but other significant conduct risk issues, including the Cranston Review and the ongoing sore...

More Job Cuts For Lloyds Staff

In his speech last year at SIBOS 2019 – ‘Transforming Through People’, Mr Antonio Horta-Osorio, Group Chief Executive said: “The first two strategic cycles were difficult for our colleagues. It was a period of huge change, regular restructuring and frequent...

‘On-Target’ GPS Awards

The bank’s pre-tax profits are expected to plummet when it announces its results on Thursday. At the same time, it’s expected to take a further full-year hit of £2.5 billion for the PPI mis-selling scandal. Hopefully that will be the last of the PPI provisions which...

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