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PPI Claim News - 4/12/2009

Credit Card Reclaim: Lloyds cuts staff pensions but pays bonuses

Thousands of staff at Lloyds Banking Group could see their pension payments fall under new plans issued by the firm this week.

The move has sparked a row as senior management are set to receive large bonuses, including chief executive Eric Daniels taking home an additional £828,000 at Christmas.

However, ordinary staff at the bank could lose out as it was revealed that pensions would be calculated using a lower figure than an individual's annual salary.

Only 200 of the firm's most senior staff are on course to take home bonuses out of a total UK workforce of over 120,000.

The row which has ensued over bonuses at Lloyds follows a dispute this week at the Royal Bank of Scotland, where bonuses will be limited by the government which is its majority shareholder.

Lloyds Banking Group, which also owns HBOS, is only 43 per cent owned by the UK taxpayer.

If you would like to make a credit card charges claim to get back all your late payment / over limit fees in the last 6 years from Lloyds TSB then fill out the Quick Claim or call Belmont Thornton on 0845 526 0000.

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