Nov 17, 2022 | All Members, Halifax, Pensions
In a previous Newsletter we called on Charlie Nunn, Group Chief Executive, to undertake an immediate review of the pension cap now that inflation was spiralling out of control. The Retail Price Index (RPI) hit 14.2% in the year to October. It’s at its highest level...
Sep 14, 2022 | All Members, Pensions
Soaring inflation, energy bills and prices means that many retired members of staff are already struggling in the worst cost of living crisis in a generation. Whilst the government has said that a typical household energy bill will be capped at £2,500 annually until...
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...
Aug 3, 2022 | All Members, GMP Court Case, Letters, Pensions
Latest News Letter To Mr. Harry Baines – LLOYDS BANKING GROUP PENSIONS TRUSTEE LIMITED v WALKER & OTHERS 3rd August 2022 ‘Wrongly Calculated’ Holiday Pay 29th July 2022 Interested In The Lloyds Vacant Roles? Read this First! 14th July 2022 Halifax Puts Staff In...
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...
