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,...
Nov 30, 2018 | All Members
The GEC meets this week to discuss the future of the Bank’s performance management system. The exact details of the new system will be communicated to staff and line managers on the 2nd January 2019. We’ll discuss ‘check-ins’ or ‘catchups’ and ratings in our next...
Nov 29, 2018 | All Members
Members will have seen that Lloyds Banking Group (LBG) has invested £11 million in a fintech start up called Thought Machine. Thought Machine was set up a few years by a group of Google engineers who have developed a revolutionary cloud-based core banking platform...
