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Latest News
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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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Date: 18th Mar 2005
To put it simply, in Lloyds TSB one member of staff's pay rise, for those staff in the 'primary' and 'market' zones, is at the expense of the overwhelming majority of staff in the 'high performance' zone, who will get nothing. More Info >>
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Date: 16th Mar 2005
Following LTU’s successful campaign to get a new deal for PBE’s (now PBM’s) we said it was only the start and that Tax, Trusts and Estates staff all needed their packages reviewed so as to reflect the external market for their jobs more adequately and we can report that new specialist pay markets for Fiduciary Services have now been agreed. More Info >>
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