Holiday Pay – Are You Receiving Your Entitlement?

It was recently reported to us that the bookmaker, Betfred, had failed to take account of overtime when calculating holiday pay for some of its staff, many of whom work overtime on a regular basis. The company blamed the error on a payroll system failure, but the...

The Dangers Of Covert Recordings

Almost all of us now carry mobile phones capable of making audio recordings. It’s not surprising that, increasingly, Affinity is presented with audio files which have been made covertly by members during meetings with their employers.The majority of these recordings...

TUPE: Protecting Enhanced Severance Terms

In 2018, we were contacted by a number of members who, a number of years ago, had been transferred under the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE) from Lloyds Bank to Mitie.Mitie had announced that these staff were to be made...

300 Advisers Going To JV

“300 or so advisers” will be transferred across to the new Joint Venture with Schroders according to George Culmer, Chief Financial Officer, Lloyds Bank. Mr. Culmer let the cat out of the bag when he was responding to a question from an analyst following the...

The Cost Of TSB’s IT Meltdown: £259,191,231

That is how much the botched IT migration has cost TSB so far according to the latest set of financial results.TSB made a £120.5 million loss for the nine months to September. On the back of the meltdown, Sabadell, TSB’s owner, has seen its share price fall by 24%...

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