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Latest News
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Date: 24th Aug 2005
Scottish Widows has announced plans to transfer the jobs of a further 125 Scottish staff to India by the end of November, increasing to 164 the total jobs it will have transferred from Scotland to India. More Info >>
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Date: 25th Jul 2005
As part of the Claims Re-engineering project a new team-based bonus scheme is to be piloted in Property and Loan Protection Claims involving approximately 400 staff. More Info >>
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Date: 15th Jul 2005
Following the Bank's decision not to reward the salesforce for personal loans sales that reschedule existing Lloyds TSB loans unless new monies are advanced, the Bank said it would put in place a target reduction to allow the salesforce to adjust their sales behaviours. More Info >>
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Date: 15th Jul 2005
Scottish Widows and LTU have agreed to the removal of the current workflow pay structure and its replacement with the pay zone approach to pay which operates in other areas of Scottish Widows and the Bank. More Info >>
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Date: 11th Jul 2005
The Bank’s Group IT department has said that 10% of staff must go through the Group’s performance improvement process (PIP) in any given year. More Info >>
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Date: 27th Jun 2005
As part of the business transformation programme taking place within Credit Operations a new performance and reward structure, known as Effective Levels, is to be introduced. More Info >>
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Date: 2nd Jun 2005
The failure of our negotiations with the Bank, both internally and at ACAS, to find any agreed settlement on pay, despite the Bank announcing profits of £3. More Info >>
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