Newsletters From BTU
Judge & Jury
The job security appeal for a member of staff who’s refused the bank’s offer of a ‘reasonable alternative’ role is being heard by the same local HR management that is trying to force him into the role in the first place. When it launched the new redundancy policy, the...
Who Is Responsible For Customers?
In a previous Newsletter, we reported that Lloyds had got rid of its Fire Marshals with effect from 1st January 2023 following an agreement with its in-house staff unions – Accord and Unite. According to the new policy, it would be everyone for themselves when it...
Redundancy Terms – Why Now?
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...
Major Step Forward In The Campaign For Fair Treatment Of Lloyds Staff
“We recognise that ensuring a fair environment for employees can be a good indicator of a firm’s culture, which we see as important for how it is treating its customers as well.” They’re the words of the FCA in a recent letter to the union. It’s a crystal-clear...
Redundancy Terms Reduced By 50%
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...
Review Of Pensions
As we said in our last email the Trustee of the LBG pension schemes must act in the best interests of scheme members. Many pensioner members are struggling to cope with the cost of living crisis and that’s only going to get worse over the next few months. The Retail...
Culture Wars In Lloyds
Members will recall that in one of our previous Newsletters we discussed in detail the bank’s new retail strategy. Whilst the new value treatment strategies are all very interesting, our concern is about how the rush for growth is going to change the culture of the...
What About Lara?
It took members of staff 20 minutes to evacuate the Lloyds building at London Wall following a fire alarm on the 12th January. That’s simply too long. If it had been a real fire, the consequences of such a delay don’t bear thinking about. A few weeks ago, Lloyds...
Does Your Employer Know You’re Disabled?
A recent case heard at the Employment Appeals Tribunal (EAT) has highlighted the importance of disabled employees informing their employers of their disabilities. The Equality Act 2010 says that people are disabled if they have a physical or mental impairment which...
BTU Secures Top-Up Payments Worth £63 million
The Trustee of the Lloyds Banking Group Pension Schemes has said for the first time that it’s going to make top-up payments to those members who transferred out of their final pension schemes. It will start making those payments later this year. We estimate that £63...
BTU Newsletters
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