Jan 11, 2019 | All Members
The 2019 pay pot is 2.6% compared to the current rate of inflation of 3.2%. On the Group’s own figures that means the vast majority of staff will yet again get pay increases less than the cost of living. That at a time when the Group posted a statutory profit after...
Jan 9, 2019 | All Members
Lloyds Banking Group recently reported its April 2018 gender pay gap results in line with the Equality Act 2010 (Gender Pay Gap Information Regulations 2017). The Groups mean gender pay gap reduced narrowly from 32.8% (2017) to 31.5% (2018). In other words, women in...
Dec 19, 2018 | All Members
Given the precarious nature of the financial advice business and the growth model proposed by Lloyds Banking Group for the new Joint Venture, the legal status of the Lloyds Bank enhanced severance terms and job security policy is extremely important. The issue is a...
Dec 18, 2018 | All Members
Following the Union’s campaign, the Trustee of the Lloyds Bank Offshore Pension Scheme and the Bank have said that they will be treating men and women in exactly the same way when dealing with the State Pension Deduction. Members will recall that in a previous...
Dec 14, 2018 | All Members
In a previous Newsletter we reported that the Bank had sought to influence the results of the 2018 Colleague Engagement Survey by waiting to announce the withdrawal of the Concessionary Mortgage schemes until after the survey closed on 6th October. However, the...
Dec 6, 2018 | All Members
In our last Newsletter we said that the Bank would be announcing a new approach to performance management, which would see the introduction of ‘catch-ups’ and the removal of ratings. But let’s be clear, simply taking a system that was introduced by the likes of Adobe,...
