Lloyds staff vote to reject bank's pensionable pay freeze

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Lloyds Trade Union (LTU) members have voted in favour of a ballot on industrial action should Lloyds Banking Group (LBG) freeze pensionable pay increases.

Last year, LBG proposed a reduction from April in the annual pensionable pay increases from 2% to 0% on all six of its defined benefit (DB) schemes (PP Online, 6 November 2013). In a Lloyds Trad...

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