Feb 1, 2019 | All Members
Apparently the Bank’s investment in training – which most staff have not seen any evidence of yet and are probably not likely to before they are made redundant through automation and digitisation – is to make staff “useful” for the future. This is...
Jan 30, 2019 | All Members
When addressing a group of Wealth Management Advisers on the Joint Venture (JV) with Schroders, one regional manager said: “the hounds will be set free”. He then explained that because there would be less regulatory scrutiny and supervision of the new business by the...
Jan 29, 2019 | All Members
Please click this text to view a PDF version of the letter. Latest News Leadership Get New Social Media Guidance 9th February 2021 Future Pension Increases – Letter To Members And MPs 3rd February 2021 “Chopping & Changing Every Week Is Not On”, Jo...
Jan 22, 2019 | All Members
Lloyds Banking Group (LBG) plans to bypass its current IT system and replace it with Thought Machine’s cloud based core-banking platform called “Vault”. LBG recently invested £11 million for a 10% stake in Thought Machine, a Fintech set up a few years ago by a group...
Jan 22, 2019 | All Members
One of the main reasons for replacing the Group’s current core-banking platform with a digitally native platform like Thought Machine is to counteract the effects of open banking and the rise of fintech and Third Party Providers (TPPs). The rules require UK banks to...
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...
