“Dont bank on Lloyds ethics is a public interest whistleblowing site. The site has been set up to lawfully ,in the public interest , expose alleged examples of Lloyds Bank ,acting unethically, and unlawfully* and against the public wellbeing and against the interests of the British people. The site is legal and adheres to current UK and US law and is wholly mindful of the current UK and US law concerning libel, and defamation . The site is wholly mindful of all relevant UK and US law relating to publishing in the public domain via the internet and via the print media.
The site will also demonstrate that the Lloyd Banking Group’s published Voluntary Codes of Conduct are, in my honestly held opinion, in the context of my dispute with LBG; worthy of further scrutiny and examination and debate as to the purpose of such Codes of Conduct .
I worked for Lloyds Bank from 2005- 2010, in the Lloyd’s Private Bank and Wealth Divisions. In December 2009, January 2010 andd April 2010, I submitted Formal Complaints concerning, what I allege, are examples of staff dishonesty , the unfair treatment of the bank’s clients; and examples of irregular behaviours and practices-which I believed and still believe are breaches in UK Regulatory Law.*These Formal complaints were effectively ignored and following the processes laid down by the bank I submitted further complaints relating to alleged instances of unlawful management obstruction in my pursuing such complaints.I allege I was then subjected to bullying, intimidation and threatening behaviour undertaken by the bank’s management.
Because I was obstructed and suffered from what I believe was bullying and intimidation; I submitted formal complaints relating to the intimidation and obstructive actions of senior Divisional and Group Level Directors.
All submitted complaints were legitimate actions adhering to the Lloyds Banking Group’s Grievance Procedures.
Also in the submission of my Formal Complaints to Lloyds, I provided examples of alleged widespread and nationwide distortions, in the provision of advice (regulated and non-regulated)-to the bank’s clients through the application of the bank’s sales practices. Such sales practices I believe have had the effect of unfairly maximising charges and bonuses at the expense of the bank’s clients and such actions abuse their trust. Such behaviours , I believe, are not only unethical they are also unlawful*. These sales practices are I believe still in place.
Such practices were and are, I maintain, being applied across the retail sales operations in regulated activities in the High Street Branches across the United Kingdom. Therefore I will allege through the medium of this website that the existence of such sales practices represents substantial breaches in UK regulatory law*. I will demonstrate, in my honestly held opinion that 100,000’s of clients have been and still are being affected ;involving many 100,000’s of investment transactions and many hundreds of millions of pounds of clients’ money and invested capital in the bank’s products. It is not an unreasonable claim- given the size of the funds under management at Lloyds Bank and Scottish Widows -the bank’s insurance company.
Also through the medium of this website I will explain how bank staff allegedly exploited the sales policy to enhance their own bonuses at the expense of other bank staff which affects their income and performance; and is what I allege are examples of internal fraud. I will also explain, with my allegations how the investing public have been put at substantial financial disadvantage, nationwide, because of these alleged behaviours of bank staff and the application of the sales policy.
In 2009 and through 2010, having submitted a series of Formal Complaints using the Bank’s own procedures, I maintain that I was then subjected to intimidation, bullying, and threats. I allege, that I was also obstructed in my lawful pursuit for proper internal investigations to be carried -into my allegations. I repeatedly informed the bank that as a regulated investment Adviser registered with the Financial Services Authority, I was legally bound to insist on proper and thorough investigations into my allegations; concerning the widespread abuse I had encountered. It was and remains so that under the relevant UK regulatory principles, through the FSA Principles- I have a legal duty to expose what I believe to be dishonest, irregular and fraudulent behaviours and actions within the Lloyds Banking Group.
There has been substantial correspondence between the bank staff and myself concerning this dispute. I have been in written communication (via postal letters and e-mail) with Senior Directors (and other staff) and I will use this library of evidence, where relevant, and directly,and referring-and quoting, such correspondence to substantiate my allegations. I will not however at this stage name any person; however senior they may be.The position held by individuals may be disclosed and the Division where that executive worked or still works will be disclosed – to the best of my knowledge. I will of course, use factual evidence only, and when expressing an opinion I will do so, as such an opinion is honestly held. I will of course only use facts that are robust and presentable in a relevant Court of Law.
When I refer to a witness, such witnesses(not being named ) ,in most cases , worked for Lloyds Bank.These witnesses will only be referred to–if I am confident that such witnesses ,in a court of law and under oath would , disclose such facts as to substantiate,and confirm my allegations as fact and thus provide robust evidence when questioned – supporting my allegations.
However I reserve recourse to certain legal defences that I may name such bank staff if such naming in the public domain is defendible in a court of law; as being justified in the protection of the bank’s clients ,and for the protection of the British Public against corporate abuse. Amongst such defences is the application of the FSA Principles via Financial Services and Markets Act 2000.
I have rightfully persisted with my complaints and insist that the bank properly investigates my concerns; as they are bound to -under UK Regulatory Law.*As you would reasonably expect in a regulated industry, my Formal Complaints were escalated through the hierarchy of the bank to the Senior management of the Wealth and International Division, to the Bank’s Group Compliance Directors, to Senior Human Resources Directors, and to the Chief Executives; both past and present. My Formal complaints were also sent to every member of Lloyd’s Executive Board and the Board’s Chairman;past and present.
In August 2010 I was summarily dismissed without a proper and legally sound explanation- in an unlawful manner* ;the bank failed to follow any relevant UK employment law process .The Bank, then ,subsequently dismissed my complaints-having failed, to provide any evidence that they have carried out any meaningful investigations into my allegations. I have substantial documentary proof that this allegation is correct and wholly presentable in a court of law. I made a decision not to make a complaint through the Employment Tribunal System,for unfair dismissal, as this dispute is about regulatory law first and foremost and the alleged wholesale and widespread abuse of the British public’s trust. By taking such a decision, I am unencumbered in such a process of public whistleblowing now unfolding, demonstrating that I have never sought any financial settlement of compensation in an “agreement or exchange” to withdraw my complaints of regulatory abuse.
Concurrent to the descriptive saga which will unfold, week by week I will,in time , formally submit Formal Complaints to the regulator; the FSA. Abridged versions of these Formal complaints will be posted on the site.
My long running dispute with the Lloyds Banking Group ,is about what I maintain, are examples of unlawful and unethical behaviour by certain bank staff. Therefore, I will be writing about allegations of professional misconduct and not about the actual persons involved. I hold no thoughts of malice towards any bank staff. This is not a personal vendetta; and I repeat this action is about professional misconduct. It is undertaken for the public wellbeing and the integrity of the industry and the integrity of the associated legal framework in our Parliamentary Democracy.
The bank’s clients and the British public deserve to know about what I encountered when working at Lloyds.
This is my story
Ian Taplin September 5th 2011.
*UK Regulatory Law;-
1. Financial Services and Markets Act 2000;
Incorporating the FSA Principles.
2. UK Employment Laws and associated Health and Safety Guidelines.
3. Public Interest Disclosure; Act 1998-concerning Whistle-Blowing actions.
1. Dual nationality; British and New Zealand Citizen, born in the UK- resident in the Thames Valley, UK.
2. Qualified and experienced Investment Adviser registered with the Financial Services Authority.
3.Previous related experience; working in larger finance firms at Lloyds Private Bank and Wealth Divisions ,Union Bank of Switzerland, and Towry Law.Also larger corporate exeperience working for Macmillan Publishers (NZ)and Collins Publishers(NZ).
4.Graduate of Keele University; BA Hons ;International Relations (Politics and Economics) .Awarded Bursary Scholarship by Ministry of Defence.
5. Graduate of RMAS; Royal Military Academy -Sandhurst. Lieutenant and Platoon Commander; the Light Infantry Regiment (now the Rifles Regiment).
For more information, you can contact me at: firstname.lastname@example.org