Newsletters From BTU
Track & Trace Could Be A Life Saver For Staff & Customers
Lloyds Banking Group is wrong to instruct staff to turn off the Government’s Track and Trace app whilst at work and Antonio Horta-Osorio, the Group Chief Executive, needs to look at this issue again, quickly. The bank says: “You must ensure contact tracing is paused...
It’s Bad Timing, Jo
Things are heading in the “wrong direction”. Infections are on the rise, which inevitably is going to lead to more hospital admissions and deaths according the Prime Minister and his senior medical advisers. The second wave is here. The only real question is the...
No Mask – No Entry
When it comes to wearing of face coverings, the bank has said: “All colleagues must wear a face covering in our branches. The safety of our colleagues and customers is paramount and our guidance reflects this. You may find our guidance exceeds the requirements in your...
Bonuses, Pay and Covid
The Bank has been warning staff that there will be little or no payments made through the Group Performance Share for 2020. In a message to staff earlier in the year, the bank said: “As you will have seen in the news, the impact of the coronavirus outbreak is expected...
Lloyds Board Pushing For More Fee Income In Group Strategic Review 4
In a telephone conference held by Zak Mian, Group Director Transformation, it was made clear the Lloyds Board want to move away from the “cyclicality and unpredictability” of net interest income in favour of significantly increasing fee income as part of GSR 4....
Second Wave Of Pandemic Doesn’t Stop Jobs Cull In Lloyds
Lloyds could have put on hold until next year many of the 865 redundancies in Insurance and Wealth, Retail, Finance and Commercial Banking it announced on Wednesday. Lloyds is not like many of the businesses that have announced redundancies recently. It will still be...
Working Hours: Confirm In Writing!
Covid-19 was always going to provide an opportunity for unscrupulous employers and managers to squeeze through changes which would never normally be accepted in ‘normal’ circumstances, under the guise of a response to coronavirus. In a recent note on changes to branch...
Working Hours
The vast majority of Lloyds and Halifax branches will now close at 3.30. Only the largest branches in central locations will remain open until 5pm. In a recent note to staff, Jo Harris, Managing Director, Lloyds Community Bank, said: “Our branches are increasingly...
£30,000 Worse Off Under DB Proposals
According a report produced by Insight Investment, members of the Lloyds TSB No 1 defined benefit pension scheme could be up to £30,000 worse off under proposals being considered by the Government to change the way annual pension increases are calculated. The UK...
Back To Work
The Prime Minister has announced that the government’s “work from home” guidance will end from the 1st August, although it seems that his key senior scientific advisers may not have got the message. Sir Patrick Vallance, Chief Scientific Adviser, is still insisting...
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