The story of the plight of Mr and Mrs Green continues. This story is based
on true events and is narrated by the son of Mr and Mrs Green.
In Chapter 5, Readers will recall that my parents, Mr and Mrs Green, inherited £800,000 so they went down to their local Lloyds’s Branch to see their local friendly adviser. They had previously invested £30,000 with him.
I subsequently learnt that my parents decided to invest the £800,000 with the adviser.It appears he had advised the £800,000 be invested into one Investment Bond.
The story of the plight of Mr and Mrs Green continues.*
In Chapter 5, we learnt that Mr and Mrs Green inherited £800,000 and went to see their local LloydsTSB adviser for advice .
In this chapter, we will learn more about the alarming story of how Lloyds Bank allowed their trusting customers, Mr and Mrs Green to be poorly advised -which meant that they overpaid £64,000 charges and unnecessary tax.
The “Unfolding Story” is the main theme of this website. The “Unfolding Story”,Chapter by Chapter, is taking the reader on a journey through the eyes of former Lloyds Bank employee who was fired, unlawfully, for whistle-blowing.
It is the story of how Lloyds Bank Senior Directors treated an employee who dared to question certain practices within the bank and dared to challenge certain Senior Directors.
The “Unfolding Story” in each Chapter , describes what actually happened to the Lloyds Bank employee who made formal complaints about what he maintains are examples of fraud, corruption, the abuse of the bank’s customers and the abuse of staff.
The “Unfolding Story” will also relate to the reader- true life examples of bullying intimidation and threats against an employee who was acting as the law of the land demands*.
This “Unfolding Story” is a gripping saga of what really goes on in UK’s largest Retail Bank; told for the public, in the public interest and for the public welfare in our democracy.
The “Unfolding Story is a live unique publishing phenomenon.”
Chapter by Chapter the story unfolds.
110,000 hits in just a few short weeks.
Lets start today by asking some pertinent questions
In Chapter 4 I asked how is that Lloyds Bank clients pay £18,000 charges for investment advice when far more suitable and tax efficient advice was available ,within the same bank at 75% less cost?
In this two part article I am going to tell you a story ,based on a real life incident whereby Lloyds Bank customers paid £64,000 in charges and in tax which were completely avoidable and more suitable advice was available within the same firm.The advice the Lloyds bank customers received was inferior and incomplete.What is exactly going on at Lloyds Bank?
Why do the senior leadership of Lloyds Bank appear to allow this type of client abuse to go on? There is substantial evidence that the senior sales and compliance directors in Lloyds Bank are fully aware of such abuses and have done nothing to prevent it. Why is this?
Why do Lloyds Bank claim to be committed to the “highest ethical standards” in their codes of conduct when this is evidently not true ?
What if I told you abusive treatment of clients is, I believe, common within Lloyds Bank ? (more…)
A Lloyds Bank whistle-blower describes how Lloyds Bank’s clients paid £18,000 charges for investment advice, when far more suitable advice was available, within the bank, at 75% less cost.
Mr Taplin,who is a graduate of Sandhurst and Keele University, maintains that Lloyds Bank have persistently broken UK law by ignoring the Principles of the Financial Services and Markets Act 2000.
“This is just one example of Lloyds failing to adhere to the regulatory principles of treating clients, fairly honestly and in a transparent manner. Over the next few weeks I will describe more examples of what I believe are clear breaches on the law which is designed to protect the interests of the customer.
Ian Taplin, whose recently launched this website which has attracted 48,,000 hits in just one month, has decided to publish his experiences when he worked for Lloyds Bank 2005-2010 in the Wealth and Private Banking Divisions.
” Unless Lloyds Bank and the other UK High Street banks take their regulatory responsibilities seriously, many more national scandals of mis-selling will occur – such as the Payment Protection Insurance scams.I came across examples of professional misconduct which have not been properly investigated despite my submitting several formal complaints with the leadership of Lloyds Bank.
“Because of the public’s concern about banking abuses ,it is an opportune time to publicly expose what really goes on in Lloyds Bank and whose antics, I believe would shock the nation.The behaviour of certain Lloyds Bank staff ,including senior Directors ,need much more effective scrutiny about the way clients are seemingly abused; and how staff are bullied and intimidated when raising their concerns about such abuse.
“There is huge public interest in the way British retail banks behave and the way senior bankers have paid themselves obscene bonuses on the back of unethical and questionable practices.
Mr Taplin explains he is lawfully using this website as a public interest spotlight to reveal how he believes Lloyds Bank abused the trust of the British public and how the Senior leadership of Lloyds Bank have failed to fulfill their legal ethical and moral obligations . ” (more…)
Former Lloyds Bank employee Ian Taplin, has turned whistle blower in his campaign to expose what he believes is a poisonous atmosphere of mistrust between staff at Lloydtsb; the retail part of Lloyds Bank.
“When I was a regulated Investment Adviser at Lloyds Private Banking and Wealth divisions –2005-2010, I came across several worrying incidences of bank staff mistrusting each other; and such mistrust directly affected the bank’s customers and the advice they received; and the charges and costs imposed upon the customers.
“I believe such incidences amounted to an embedded corruption; and in some cases such mistrust suggested fraudulent behaviour.
“I honestly believe unscrupulous sales staff deprived other staff of client business which directly affected performance targets, bonuses, and staff income. In a technical sense it is internal fraud as such behaviour had a direct consequence on staff members’ livelihoods and remuneration.
“On several occasions I was warned by managers and other sales staff that certain sales staffs were not to be trusted. These warnings suggested the sales staff, under such suspicion, were “stealing” business from other staff; and abusing the trust of their clients.
“Not one manager saw fit to report to report their concerns to the Lloyds Bank Compliance staff.” (more…)
We know that lack of trust is a corrosive force in our national lives, rotting away at our confidence and in our ability to properly govern ourselves with high ethical standards- as a mature democratic nation.
“Trust” is a big word in our language, heavy with importance, laden with meanings of importance in our everyday relationships.
The Oxford English Dictionary quotes “firm belief in honesty…reliance on the truth of a statement…confidence and faith in another person.”
In March 2011 Helen Weir, the Executive Director for Retail at LloydsTSB, quietly left the bank with no compensation beyond her contractual entitlements. The new Chief Executive Senor Horta- Osorio had effectively fired her within two weeks of his taking over his new role at the Lloyds Banking Group. Her total remuneration, it was reported, in 2009 totalled £1.8 million*; and in 2010-her pay was to total £1.7 million**. (more…)
Don’t bank on Lloyds ethics! This website is a lawful public interest site, fully compliant, with relevant US and UK laws relating to publishing on the internet. The website is also a whistle- blowing site and over the next few months I will be asking certain questions, in the public domain, of the leadership of the Lloyds Banking Group. In particular I refer to my experiences when working for Lloyds Bank Wealth and Private Banking operations; and my dealings with Lloyds TSB branch based regulated retail operations .***
You, the reader and subscriber are invited to comment and hopefully together we can work together, to make this site a powerful medium. Together we can make a meaningful and positive contribution to the current topical debate on behaviour of the banks in our society.
I will work, with your support, to ensure, why the past and current actions and behaviours of mid-level and senior bankers at the Lloyds Banking Group, described on this public interest website in some detail, was never ever going to be acceptable behaviour in the United Kingdom.
I start the story with the asking of certain questions of Senor A Horta-Osorio, the CEO ;the executive Board ;the Group Directors and the Divisional Directors ,who, though nameless for legal reasons at this stage- have been involved in this unfolding story.****
Don’t bank on Lloyds ethics ! This website is a whistle-blowing forum set up, in the public domain to examine the ethics, behaviour and practices of the Lloyds Banking Group-with particular reference to LloydsTSB, the Wealth and Private Banking operations ;and branch based retail regulated activities* in the High Streets across the United Kingdom. The website is a public interest forum which is lawful and adheres to all relevant UK and US laws relating to publishing on the Internet.
The website will relate how an employee, in August 2007, expressed his concerns about alleged dishonest bank staff, and how he was also concerned that the management, who were seemingly ignoring his complaints- failed to act. In December 2009, January 2010, and April 2010, the employee formally submitted written complaints alleging staff dishonesty, internal fraud, and widespread irregular sales practices; which he believed were contrary to relevant UK regulatory statutes -the Financial Services and Markets Act 2000*. The employee, who insisted that the bank’s management properly investigate his complaints was then bullied, intimidated, and threatened and then in August 2010 was unlawfully dismissed for gross misconduct.
Ian Taplin, 53 ,a British Citizen- is Whistle Blowing on UKs largest Bank, Lloyds Bank .
Ian Taplin worked at Lloyds Bank from 2005-2010 and was then unlawfully fired for insisting his Complaints alleging dishonest actions by Senior Directors were properly dealt with.
He believes he has substantial and robust evidence of fraud and corruption -being tolerated by Senior Directors of Lloyds Bank.
These Senior Directors obstructed Ian Taplins Formal Complaints and then proceeded to intimidate and bully Mr Taplin who refused to withdraw his Complaints.
Ian Taplin will be submitting Formal Complaints to the UK Regulator and the UK House of Commons in 2012. He plans to lawfully publish these Formal Complaints on this site.
He has been fully supported by Theresa May MP, the Home Secretary and Senior Government Minister.
Ian Taplin is the Lloyds Bank Whistle Blower. Check out his background on;
http://www.dontbankonlloydsethics.com/about/ He can be contacted at firstname.lastname@example.org
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