Union Forces Pension Climbdown

Mar 25, 2019 | All Members

In another stunning campaigning victory for the union, Antonio Horta-Osorio, Group Chief Executive of Lloyds Banking Group, has been forced to give up his lucrative final salary pension perk rather than have it voted down by institutional shareholders at the Annual...

Chris Cummings – Letter Mr. Chalmers & Pensions

Mar 20, 2019 | All Members

Please click this text to view a PDF version of the letter. Latest News Retail Redundancies – Guidance 16th February 2021 Retail Banking Redundancies 11th February 2021 Leadership Get New Social Media Guidance 9th February 2021 Future Pension Increases – Letter...

Two Pensions Osorio

Mar 8, 2019 | All Members

Members will recall that we criticised the pension allowance made to the Group Chief Executive because it was significantly higher than similar payments made to other Chief Executives. In 2018, Mr. Horta-Osorio’s pension allowance was worth £573,000, or 46% of his...

The Sales Pendulum In LBG

Mar 5, 2019 | All Members

We have seen a shift of approach in sales management by some line managers since the reorganisation of the branch network. It would seem that in some areas, the sales pendulum has swung firmly back to a more permissive era, and that is unacceptable.Let’s be clear, the...

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