Lloyds Banking Group (LBG) workers may strike over the group's decision to cut pensionable pay increases from its defined benefit (DB) schemes.
Earlier this month, LBG launched a consultation to reduce the 2% cap on annual increases in pensionable pay to 0% from all of its six closed DB schemes (PP Online, 6 November), after it claimed two...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
