Nov 3, 2022 | All Members, Pay
Members shouldn’t be fooled by the headline figures. It’s still a massive pay squeeze. The bank says for grades A-D staff: “Adding these together (£2000 minimum increase and £500 cash payment) this represents a cash value typically in the range of 8 to 13%”. The...
Aug 31, 2022 | All Members, Pay, Pensions
When Lloyds introduced its pension cap in 2014, with the tacit support of Accord and Unite who refused to ballot their members on industrial action, it said it would keep the cap under constant review. Lloyds must undertake an immediate review of the pension cap now...
Aug 10, 2022 | All Members, Pay, Pensions
One in twenty UK adults say they have stopped contributing into their company pension scheme because of the cost of living crisis. A further 6% of savers say they are actively considering pausing contributions; a further 9% might consider doing so in future according...
Jul 29, 2022 | All Members, Holiday Pay, Pay
Tens of thousands of employees on term-time contracts or on similar contractual arrangements could be entitled to back pay after a ruling by the UK Supreme Court. This decision will have wide-reaching implications for any organisations that engage zero-hours,...
Jun 24, 2022 | All Members, Pay, Pensions
The BT, Marks and Spencer and Ford UK pension schemes began their legal challenge yesterday to the government’s decision to replace the Retail Price Index (RPI) method of calculating inflation with the housing cost-based version of the Consumer Price Index known as...
Jun 16, 2022 | All Members, Pay
The one-off payment of £1000 to all Lloyds staff in grades A-G is to be welcomed but why didn’t the bank just negotiate a proper pay deal which could have dealt with the cost of living crisis once and for all. We’ve been telling it for months about the cost of living...
