Newsletters From BTU
“Two-Pensions Osorio” Hauled Before Select Committee To Justify £419,000 Pension Payments
As a result of the union’s successful campaign to highlight the monstrous differences in pension allowances between LBG’s executive directors and the vast majority of staff, Mr. Antonio Horta-Osorio, Group Chief Executive and Mr Stuart Sinclair, Chairman of the...
Answer The Question!
In response to a straightforward question on compensation for the loss of final salary pensions from a member of staff being transferred to Schroders, Kellie Spencer-Witcomb said, in a piece of world-class gobbledygook that: “Each colleague transfer is reviewed...
Lloyds Accused of “Feverish desperation and boundless greed” on executive pensions.
Following the union’s long campaign to highlight the monstrous differences in pension allowances between Mr Antonio Horta-Osorio and his executive director colleagues, and the majority of staff, the Rt Hon. Frank Field MP, Chair of the Work and Pensions Committee and...
Every Vote Counts In AGM Showdown
It seems that Lloyds Banking Group is so desperate to secure enough votes at next week’s AGM that it’s produced a glossy video urging staff to use their votes for the first-time. And let’s be clear, the bank wants staff to support the re-election of executive...
Two-Pensions “Amber” Topped By Investment Association
The Investment Association (IA), whose 250 members manage £7.7 trillion of assets, has told the union that it’s got serious concerns about the pension allowances awarded to Mr. Antonio Horta-Osorio, Group Chief Executive, Mr. William Chalmers, Chief Financial Officer...
Letter From The Investment Association
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The Worst TUPE Deal Ever?
The pregnant pauses, the nervous laughter, the shuffling of papers trying to find the right speaking note and then the big reveal: staff transferring to the JV can keep their mortgages and banking products. So, the JV is not taking away something which staff have...
GMPs – What Next?
Following the Union’s historic legal victory on Guaranteed Minimum Pensions (GMPs) in October 2018, the Trustee and the bank have been looking at how to equalise pensions and implement the Court’s decision. That work is ongoing and once completed could result in some...
Letter To Andrew Ninian Regarding Executive Directors & Pensions
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Letter To MP Frank Field Regarding Executive Remuneration & Pensions
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