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...
Oct 21, 2019 | All Members, Executive Pay
Please click this text to view a PDF version. Latest News Retail Banking Redundancies 11th February 2021 Leadership Get New Social Media Guidance 9th February 2021 Future Pension Increases – Letter To Members And MPs 3rd February 2021 “Chopping & Changing Every...
Oct 3, 2019 | All Members
The main problem with the bank’s new approach to pay and performance is its fundamental lack of transparency. According to the bank’s own research, 31% of staff don’t trust their line manager to make fair decisions about their reward. That’s a startling statistic. And...
