Newsletters From BTU
Lack Of Transparency
The main problem with the bank’s new approach to pay and performance is its fundamental lack of transparency. According to the bank’s own research, 31% of staff don’t trust their line manager to make fair decisions about their reward. That’s a startling statistic. And...
read moreLetter To MP Frank Field Regarding Executive Pensions
Please click here to view a PDF version of the letter. 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 moreTransparency Of Bonuses
It seems that SPWs pricing strategy – which was quoted extensively in the Financial Times from a leaked internal document – has set the cat amongst the pigeons. The Financial Times said: “The aggressive pricing strategy….comes as it [SPW] seeks to become a big...
read more‘Two-Pensions Osorio’ Not A ‘Charismatic Winner’ Say Lloyds Staff
The problems for the Lloyds Chief Executive, Mr. Antonio Horta-Osorio, just keep on piling up. A week ago, the bank suspended its share buyback scheme because it needed to set aside up to £1.8bn to cover claims relating to the mis-selling of PPI. It seems the bank...
read moreIs António Horta-Osório the Unacceptable Face of Capitalism?
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 moreLloyds Sales Culture – 2019
In a recent article on the PPI mis-selling scandal, the Financial Times quoted from an unnamed Lloyds seller who was working in the bank when PPI was being sold. The article says: “When Mathew started working for one of the UK’s biggest banks in the late 1990s, he...
read moreThe Surveys That Changed The World!
It was us. We did it. We boosted the UK economy to the tune of £48 billion (cost to date of the payment protection mis-selling scandal) and that had a greater impact than the Bank of England’s quantitative easing (QE) programme according to many economists. It was a...
read moreSaving Money Or The Environment?
Let’s be clear, changing the company car scheme is not about saving the environment, it’s about saving money. When all’s said and done, the bank will save more money from forcing eligible employees to take the allowance, be that consolidated into basic pay or not,...
read more“Bumps In The Road” At Schroders
Members have been telling us for weeks that issues with the Benchmark system are seriously affecting their ability to offer customers a great service. These system problems are not “bumps in the road”, which sounds like a rather cack-handed attempt by senior...
read moreExecutive Pay And Pensions
At a recent hearing of the Work and Pensions Select Committee, Mr. Stuart Sinclair, Chairman of the Group’s Remuneration Committee, said: “When I go out to see people who are on £22,000, £30,000, £40,000 , they see Antonio as a winner....There is a charisma around...
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