Advance Union (AU) has concluded pay negotiations with the Bank for 2025 and 2026. While negotiations were tough, the AU negotiating team reached an agreement that we strongly recommend to our members. This is a two-year deal effective from March 1st, 2025 until March1st 2027. Economic Outlook You are likely aware of Santander UK's Q3 results. At the time of our negotiations in late November, inflation stood at 2.3% CPI, with projections suggesting a downward trend to 1.7% by January 2026. With this in mind, the AU negotiating team prioritized securing a deal that provides: Certainty: A two-year agreement with clear pay increases.
Fairness: Awards commensurate with the projected rate of inflation.
This approach also aligns with the Bank's need to manage costs in a challenging economic environment with certainty.
Key Points of the Proposed Pay Award S1 and S2 2025: 4% increase for those below mid-point, 3.5% for those above. Minimum increase of £1,000 (pro-rated for part-time).
2026: 3% increase for those below mid-point, 2.5% for those above. Minimum increase of £800 (pro-rated for part-time). Pay is non consolidated above the range maximum.
Company funded Private Medical Insurance: For all S1 and S2 colleagues from January 2026. (Current value: £864) and retention of the £500 "You Choose" allowance.
S3 2025: 3.25% increase for those below mid-point, 2.75% for those above.
2026: 2.25% increase for those below mid-point, 1.75% for those above. Pay is non consolidated above the range maximum. S4 2025: 3% increase for those below mid-point, 2.5% for those above.
2026: 2% increase for those below mid-point, 1.5% for those above. Pay is non consolidated above the range maximum.. S5
Discretionary awards with a budget set aside specifically for those in this band.
THIS IS A PAY DEAL WHICH AU IS STRONGLY RECOMMENDING AND WE ASK YOU TO VOTE "YES" TO ACCEPT IT.
| | 2025 | 2026 |
|---|
| Band | <100% | 100%+ | <100% | 100%+ |
|---|
| S1 | 4.00% | 3.50% | 3.00% | 2.50% |
|---|
| S2 | 4.00% | 3.50% | 3.00% | 2.50% |
|---|
| S3 | 3.25% | 2.75% | 2.25% | 1.75% |
|---|
| S4 | 3.00% | 2.50% | 2.00% | 1.50% |
|---|
| S5 | Discretionary | Discretionary |
|---|
Key Messages & Call to Action- This deal represents an average pay increase of 9.3% for S1 and 7.3% for S2 members over the next two years inclusive of pay progression.
- Pay Progression will be replaced with range progression, benefiting all members in 2026.
- Company Funded Private Medical Insurance is a significant benefit for S1 and S2 colleagues, something we have been lobbying for for several years.
- When combined, the total award value averages 12.5% for S1 and 9.3% for S2 over two years.
Vote "YES" in the Pay Ballot!
Your electronic ballot will be sent on Friday, January 10th to your registered email address. Voting is open until 5:00 PM on January 24th 2025. Webinars Join us for a webinar to learn more and ask questions: Thursday, January 9th at 7:00 PM click here to register
Tuesday, January 14th at 7:00 PM click here to register
Contact Us
For confidential advice and information, please contact: Jim Leonard (General Secretary): 07764 977 808
Keith Hoyland (Deputy General Secretary): 07568 096 141
Gerry Moloney (Assistant General Secretary): 07917 578 979
Roberta Barbour (Transformation Officer): 07764 977 807
You can also speak to your local AU Representative.
In solidarity, Jim LeonardGeneral Secretary, Advance Union |
