Newsletters From BTU
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...
Intolerable Working Conditions In The Branch Network
Lloyds Bank’s decision to cut staffing in the branch network to the bone is causing serious concerns over branch security and intolerably high pressure working environments. It would not be sensible for us to set out the alarming examples that have been reported to us...
Data, Value & Sales – The New Strategy For Retail Banking
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...
Black Clouds in IT?
Lloyds Banking Group is going to reduce the number of data centres from 16 to 12 sites over the next two years as more of its processes, transactions and applications are moved on to the public cloud. We think the number will be reduced by a further 50% by 2026. 56...
Transfer Pensions – Update
At the end of October, we wrote to hundreds of members who had transferred their pensions out of one of the Lloyds Banking Group final salary pension scheme providing them with a standard letter to send to the Trustee. That letter said: “I have enclosed details of...
Confirm It In Writing!
“My manager said I could try the new job and if I wasn’t happy with it I could go back to my old role. Now they’re saying that this assurance was never given and that my transfer is permanent.”. I’m sure you won’t be surprised to hear that routinely we receive calls...
Fighting For Justice
Most of us don’t think we’ll ever be subject to disciplinary action at work. In fact, one of the things we hear most often from members is: “I just didn’t think it would happen to me”. And the more senior the people affected are, the bigger the shock! Those very words...
Lloyds Pension Fund ‘Fire Sale’
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...
“Strain Every Last Sinew”
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...
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