Lloyds workers could strike over pension scheme changes

Earlier this month, LBG launched a consultation to axe the 2% annual uprating of future payouts from all of its six closed DB schemes, after it claimed two thirds of its pension costs focused on the one third of employees who are in final salary schemes. Unite called for Lloyds to keep the 2% uprating in place. In a statement Accord, the internal union formerly for HBOS workers and now open to all LBG employees, said it will ballot members on strike action. Accord said scheme members "have been in touch to express their feelings of anger and betrayal". "Members who are not fortunat...