Newsletters From BTU
Schroders Bonuses
Much of Lloyds Banking Group’s profits for 2019 are going to be wiped out by PPI compensation payments. Staff in LBG have been told to expect significantly lower bonus payments in February, with some suggestions that bonuses could be reduced by 25%.How does that...
read moreLetter To Dame Linda Dobbs DBE Regarding HBOS Reading
Please click this text to view a PDF version. T 01234 262868 F 0844 7745971 E 24hours@btuonline.co.uk BTU, St John's Terrace, 3-7 Ampthill Street, BEDFORD MK42 9EY © BTU 2018
read morePay & Grading In 2020
Unless the new grading and reward structure to be announced later this year deals with the issue of progression, staff will continue to be undervalued relative to the market place. And the issue of progression will become more important with the contraction of grades...
read moreThe PPI Scandal And Sales Culture In Lloyds Banking Group
Please click here to see a PDF version. T 01234 262868 F 0844 7745971 E 24hours@btuonline.co.uk BTU, St John's Terrace, 3-7 Ampthill Street, BEDFORD MK42 9EY © BTU 2018
read moreBah Humbug – Lessons From The Christmas Party
You probably won’t be surprised to hear that every January, we receive calls from members being investigated for their alleged misconduct (or gross misconduct – that is misconduct justifying dismissal) at their office Christmas parties. Allegations have...
read morePay 2020 – Another Missed Opportunity
The 2020 pay pot is 2.4% compared to 2.6% last year. However, the Office for Budget Responsibility, which provides independent and authoritative analysis of the UK Public finances, is predicting that when pay becomes effective in April 2020, retail price index (RPI)...
read moreBank Pushes Working Pattern Changes
We’ve received numerous calls from members concerned about what appears to be the Bank’s latest push to change working hours and align them with branch opening times. Many of the members have been concerned that they will only be paid for the opening hours of the...
read moreUnion Campaign On Executive Pensions Wins Pension Increases For DC Members
By focusing relentlessly on the Mr. Horta-Osorio’s pension allowance worth 33% of his basic salary, and the allowances for all senior executives compared to those for staff generally, the union has forced Lloyds Banking Group to cut his pension package by £230,000 to...
read moreBank Breaks Own Policy On Fact Finds
A member subject to a fact find interview (an investigation meeting) asked for a copy of the recording made at the meeting or a transcript, only to be told by the Bank that she couldn’t have one. Leaving aside the wider implications of refusing to provide evidence...
read moreReal Pay Progression – The Elephant In The Room
The last report and accounts showed that Mr. Antonio Horta-Osorio, Group Chief Executive, is paid some 169 times more than the average worker in Lloyds Banking Group. The Lloyds pay gap is the highest in the UK financial services sector, and one of the highest in the...
read moreBTU Newsletters
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© BTU 2018