Oct 26, 2018 | All Members, GMP Court Case, Pensions
Well, we’ve done it again. In the most anticipated pension case in 30 years, the High Court has ruled today that the Lloyds Banking Group pension schemes must equalise guaranteed minimum pensions (GMPs) for men and women. The outcome of this case will have profound...
Oct 24, 2018 | All Members
Lloyds Banking Group and Schroders plc will establish a new financial planning joint venture company for affluent customers. Under the deal, Lloyds will own 50.1 per cent of the share capital of the new joint venture and Schroders the remaining 49.9 per cent....
Oct 12, 2018 | All Members
Last year the main in-house staff union – Accord – reported that Lloyds Banking Group had agreed to extend the Colleague Concessionary Mortgage Schemes for another year. It said the agreement: “demonstrates again that positive results are achievable through a...
Oct 9, 2018 | All Members, Pensions
The Trustee of the Lloyds Bank Offshore Pension Scheme and the Bank are still treating men and women differently when dealing with the State Pension Deduction. The Union represented a female member on Jersey last year who would have seen her pension reduced by £1,190...
Oct 5, 2018 | All Members
Members will recall that last year the Bank announced it was outsourcing 1,900 jobs to IBM. A significant number of the jobs transferred to IBM will eventually be offshored to India. IBM and Lloyds signed one of the largest cloud transformation deals with most staff...
Oct 4, 2018 | All Members
Both HSBC and RBS are trying to get a greater share of the mortgage market with both banks having increased their share of approvals in the first half of 2018. Goldman Sachs – in a research note on mortgage competition – are predicting that Lloyds Banking Group will...
