Newsletters From BTU
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...read more
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...read more
“There are instances where a customer doesn’t speak very good English and I am told to just open them an extra account and they won’t know”.Is that the ‘new’ sales culture in Lloyds Banking Group in 2019?Since we published our Newsletter ‘The Sales Pendulum in LBG’ we...read more
Last week’s announcement of more job losses across the group and the creation of bigger area director groups in the Lloyds, Bank of Scotland and Halifax Community banks should be seen in the context of the Group Chief Executive’s recent comments to a group of analysts...read more
Please click this text to view a PDF of the letter. T 01234 262868 F 0844 7745971 E firstname.lastname@example.org BTU, St John's Terrace, 3-7 Ampthill Street, BEDFORD MK42 9EY © BTU 2018read more
In another stunning campaigning victory for the union, Antonio Horta-Osorio, Group Chief Executive of Lloyds Banking Group, has been forced to give up his lucrative final salary pension perk rather than have it voted down by institutional shareholders at the Annual...read more
Members will recall that we criticised the pension allowance made to the Group Chief Executive because it was significantly higher than similar payments made to other Chief Executives. In 2018, Mr. Horta-Osorio’s pension allowance was worth £573,000, or 46% of his...read more
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