Newsletters From BTU
In the beginning is the word. And the word is sales.
What’s clear from some of the initial results of our recent survey on sales, the full results of which will be published shortly, is the amount of pressure staff are under to improve sales performance. And that pressure manifests itself in many different ways. Take...
GMP Legal Case – Part 2
The second part of the Union’s landmark legal case on Guaranteed Minimum Pensions (GMPs) will begin in the High Court later this year.Members will recall the High Court ruled last year that the Trustee of the Lloyds pension schemes is under an obligation to equalise...
The “Charismatic Winner” Takes It All
Two-pensions Osorio is such a “charismatic winner” that Lloyds staff don’t mind one bit that he’s paid 169 times more than they are according to the bank. In what can only be described as a the most toe curling moment seen at a Parliamentary hearing, Mr. Stuart...
Mental Health and Lloyds Bank: The Reality
You can’t have missed the Bank’s Mental Health PR campaign, it’s been on almost every advertising medium going. Just this month the Bank announced it will train 2500 mental health ‘Advocates’. But look behind the PR facade and a different Lloyds attitude to mental...
“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
Please click this text to view a PDF version of this letter.
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