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Latest News
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Date: 19th May 2009
Members should have received details of the Bank’s proposal to offer loans for those bonuses deferred following the Group’s participation in the Government’s Asset Protection Scheme. More Info >>
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Date: 13th May 2009
The Bank has for some time been looking to realign Financial Adviser Levels to match their actual
performance over a rolling three-quarters. More Info >>
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Date: 11th May 2009
Members will be aware when we announced that bonus payments had been reduced again in March, in addition to the reduction in January, staff reacted angrily, particularly because Lloyds TSB made profits of £850 million last year. More Info >>
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Date: 11th May 2009
The 100-day milestone has been reached and staff will shortly receive an update from the Bank detailing what’s been achieved since Day 1. More Info >>
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Date: 11th May 2009
Members will recall that LTU was the first to propose to the Bank that staff whose bonuses are being deferred should have the option of taking loans, equivalent to the value of any deferred bonuses, with the loans being paid back over an agreed period of time. More Info >>
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Date: 11th May 2009
When Group Executive Functions announced the bonus reductions in March it told staff that “For Lloyds TSB, the Group Annual Bonus Plan pot was reduced to 50% in Group Executive Functions and this was announced in January 2009. More Info >>
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Date: 11th May 2009
Members will recall from our previous Newsletters that the Bank has said that the decision to withdraw the Free Share Scheme for Lloyds TSB staff was because of pressure from UKFI. More Info >>
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