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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Lloyds bankers could face bonus cut if not in office two days a week

A sign outside a Lloyds bank branch in London
Lloyds Banking Group owns the Halifax, Lloyds and Bank of Scotland brands, and bonuses for the 2024 financial year will be distributed next month. Photograph: Andy Rain/EPA

Senior bankers at Lloyds could be at risk of having their bonuses docked if they fail to follow company orders to be in the office at least two days a week.

Lloyds Banking Group – which owns the Halifax, Lloyds and Bank of Scotland brands – has confirmed it is reviewing office attendance as part of performance-related bonus targets for its most senior employees. That includes hybrid staff who, in 2023, were ordered to be in the office at least 40% of the time, which typically amounts to two days a week for those on full-time contracts.

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