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23rd June 2010 - Accord announces ballot results

Following the closure of the Accord members' ballot on Friday, June 18th, the initial results have now been received from the Scrutineer, Electoral Reform Services.

There was a higher response than the previous ballot and, taking into account the members who are "out of scope" for the terms and conditions changes for a variety of reasons, we believe that a majority of members who are impacted by the proposals have voted.

Members answered three key questions:

  • On Pay, the majority of those voting believed that the right thing to do is to draw a line under Pay 2010 and focus on getting a better deal in 2011.
  • On Pensions, the majority of those voting believed that the imposed changes to the final salary pension scheme (FSPS) are unacceptable with a narrow majority of the members of the FSPS who voted saying they would be prepared to take action in an attempt to get negotiations reopened.
  • On Terms and Conditions, a majority of those voting regard the proposals as acceptable and have no objection to the Union signing a collective agreement to bring the new terms and conditions into effect.

However, it is clear from the voting patterns that there is significant unhappiness amongst Accord members with all of the issues that the ballot addressed. Therefore, the Union's Principal Executive Council (PEC) is awaiting the full analysis of the voting from the Scrutineeer so that it can understand more about the views of specific groups of members.

When this analysis is complete, the Union will have further talks with the Bank on the issues which have emerged.

Accord's PEC is also prepared to work with the other unions represented in the Lloyds Banking Group to co-ordinate responses and next steps as and when their ballot results are available.

Further information will follow as soon as practicable.

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