Sep 1, 2023 | All Members, Halifax
What Halifax is really doing was made clear by Mr Peter Steel, Customer Channels, Managing Director, in a recent call to managers. He said that the Bank had room to reduce almost 2 million additional counter transactions. That’s in addition to the transactions that...
Feb 24, 2023 | All Members, Halifax
The one question which members are asking about the new redundancy policy is: why now? What is Lloyds planning to do in the future that makes it want to reduce redundancy payments for heritage Lloyds and HBOS staff? History tells us that Lloyds is up to no good. Is...
Feb 9, 2023 | All Members, Halifax
Lloyds has introduced a new policy which allows it to reduce redundancy payments by 50% if members of staff refuse to accept a ‘reasonable alternative role or reskilling opportunity’. The so called ‘reasonable role alternative’ test is going to be key for the vast...
Jan 19, 2023 | All Members, Halifax
Lloyds Banking Group has been heavily criticised in the press recently for its proposal to offer 10.4 million active customers a reduced level of service because they don’t produce any value for the bank. According to the bank these customers will get the ‘Align cost...
Dec 2, 2022 | All Members, Halifax, Pensions
The Times and Financial Times have reported that the Trustee responsible for managing Lloyds Banking Group Pension Schemes with assets worth £50 billion was forced into a fire sale of equities and faced collateral calls of billions of pounds at the height of the gilts...
Nov 25, 2022 | All Members, Halifax, Pay
Those Lloyds Banking Group staff who receive Universal Credit never got the full amount of the last cost of living payment in October because of the way the benefit works. If nothing changes, those same staff won’t get the full benefit of the cost of living payment in...
