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...

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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