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Pensioner Latest News
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Date: 11th Apr 2011
Sell Off ‘Substantially Enhanced’
The Independent Banking Commission report issued this week made a number of recommendations in its interim report which will be the subject of further discussions before the Commission issues its final report in September. More Info >>
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Date: 17th Mar 2009
The Bank has written to pay recommenders regarding the bonus awards for 2008 and told them the awards they thought they were giving to their staff have, for a second time been substantially reduced. More Info >>
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Date: 10th Mar 2009
Staff reaction to the announcement that the Bank's participation in the Government's Asset Protection Scheme, which has resulted in fundamental and far reaching changes to existing bonus arrangements and the withdrawal of free shares, has been one of absolute anger. More Info >>
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Date: 7th Mar 2009
Today the Bank has announced that, in order to participate in the Government’s Asset Protection Scheme, which will see billions of mainly HBOS ‘toxic’ assets being insured, it has been forced to implement fundamental and far reaching changes to existing bonus arrangements. More Info >>
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Date: 25th Feb 2009
LTU met with representatives from UK Financial Investments Ltd (the body set up to look after taxpayers' investments in UK banks) today to discuss the payment of bonuses for staff in the Lloyds Banking Group. More Info >>
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Date: 16th Feb 2009
The weekend’s media frenzy surrounding the HBOS merger and the payment of bonuses is doing nothing at all to help the current very difficult environment for all the Banks and the Government’s attempts to stabilise the UK financial services sector. More Info >>
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Date: 5th Jan 2009
The Trustees of the HBOS pension scheme are considering asking the Court of Session to delay the HBOS acquisition until Lloyds TSB makes 'appropriate arrangements' to guarantee that the new, merged Lloyds Banking Group will stand by the HBOS pensions scheme. More Info >>
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