Dec 10, 2019 | All Members, Pay
The 2020 pay pot is 2.4% compared to 2.6% last year. However, the Office for Budget Responsibility, which provides independent and authoritative analysis of the UK Public finances, is predicting that when pay becomes effective in April 2020, retail price index (RPI)...
Dec 5, 2019 | Advice, All Members
We’ve received numerous calls from members concerned about what appears to be the Bank’s latest push to change working hours and align them with branch opening times. Many of the members have been concerned that they will only be paid for the opening hours of the...
Nov 27, 2019 | All Members
By focusing relentlessly on the Mr. Horta-Osorio’s pension allowance worth 33% of his basic salary, and the allowances for all senior executives compared to those for staff generally, the union has forced Lloyds Banking Group to cut his pension package by £230,000 to...
Nov 25, 2019 | Advice, All Members
A member subject to a fact find interview (an investigation meeting) asked for a copy of the recording made at the meeting or a transcript, only to be told by the Bank that she couldn’t have one. Leaving aside the wider implications of refusing to provide evidence...
Nov 12, 2019 | All Members
The last report and accounts showed that Mr. Antonio Horta-Osorio, Group Chief Executive, is paid some 169 times more than the average worker in Lloyds Banking Group. The Lloyds pay gap is the highest in the UK financial services sector, and one of the highest in the...
Oct 27, 2019 | All Members
According to documents leaked to the union there are some 4.37 million Lloyds customers awaiting remediation outcomes (in non-gobbledygook, having complaints resolved) costing the bank £766 million, and that doesn’t include new remediations introduced this year. Those...
