Issue 70 Winter 2017 connection INSIDE Q3 RESULTS • DIVERSITY AWARDS • BARCLAYS UK TRUSTS WHEELS FOR CHANGE RAISES OVER £255,000 WIN A HOTEL BREAK + WOMEN IN BARCLAYS ARCHIVE SPECIAL + SPECTRUM GALA DINNER Click to get started Keeping retired Barclays employees in touch Inside this issue... EDITOR’S WORD FEATURES REGULARS 5 10 Page 6 Page 4 Barclays news Barclays news Q3 2016 Results, The new £5 note, Barclays Diversity Wheels for Change, Spectrum’s Gala Business Awards 2016 Dinner and Pension Fund newsletter Page 8 Pensioners’ clubs & contacts Happy New Year to you all and welcome Page 12 Bournemouth and District Pensioners’ to the first edition of connection for Archive article 2017. We hope you’ve enjoyed the festive Club, Cornwall Pensioners’ Club, Women in Barclays season and are ready to embrace the Liverpool Retired Staff Club, East New Year. Midlands Pensioners’ Club and Many of you will be reading connection Ipswich District Pensioners’ Club on your computer or tablet screens for the Page 14 first time. To help you move through the Page 16 magazine more easily, we’ve added arrows Life beyond Your letters Barclays to the bottom of the pdf, and we’ve also Page 20 made the clickable links bold to make it The end of an era clear when you can click through to Retirements & obituaries other websites. Please let the Barclays Page 26 Team at Willis Towers Watson know if you Useful contacts no longer wish to receive a printed copy. If you’re thinking of embarking on a new Page 28 adventure this year, turn to pages 14 Competition & crossword and 15 for some Life beyond Barclays inspiration. Both of our retired colleagues show how it’s possible to turn retirement into an opportunity to do something completely different. 12 Our Archive article this time is about women in Barclays and how their roles Issue 69 2016 competition winner have changed over the years. It’s amazing Our competition in issue 69 was for a chance to win a hotel break in the Brecon Beacons. to think how times have changed in what The winner was Mr Bernard Cooke. Congratulations! seems like a relatively short space of time. If you have any memories of your time at Barclays that you’d like to share, please CROSSWORD SOLUTION See page 28. send them to us. We’d also love to hear Across 18 Oasis Down 11 Rapid about what your clubs have been getting 1 Tepid 19 Dolphin 1 Tartan 13 Irish stew up to over the festive period and what 4 Untruth 21 Nerve 2 Pavements 15 Russell you’ve got in store for 2017. 8 Revenge 23 Daunted 3 Donor 16 Joanna Best wishes 9 Award 24 Angelic 4 Use 17 One day Emma Nicholls, Emma Pytches 10 Admirer 25 Howdy 5 Toaster 20 Laugh and Julie Midgley 12 Twine 6 Uma 22 Rag connection Editorial Team 14 Entry permit 7 Hidden 23 Doc 15 18 CONNECTION Issue 70 Winter 2017 Updating your contact details or cancelling connection Barclays connection Design: AHC Changes of address must be notified in writing, signed connection Editorial connection is the magazine for retired UKRF and dated, and sent to: Barclays Bank UK Retirement Heath Hall ARE YOU VISUALLY IMPAIRED? Barclays employees and their families. Opinions Fund, Willis Towers Watson, PO Box 709, Redhill, Surrey Heath expressed in connection are those of writers RH1 9EG, UK. Alternatively, you can notify your change of Wakefield You can receive your copy of connection in Braille or on audio tape or and interviewees and should not be taken as contact details via ePA, the pensions website, at West Yorkshire WF1 5SL representing the views of the Barclays Group. epa.towerswatson.com/doc/BCL/login.htm Tel: +44 (0)1924 203935 compact disc. Contact the Barclays Team at Willis Towers Watson, PO Box 709, ©2017 Barclays Bank PLC To cancel your copy of connection, contact the Barclays Email: [email protected] Team at Willis Towers Watson: Tel: +44 (0)1737 227567 Redhill, RH1 9EG, UK or telephone: +44 (0)1737 227567. Email: [email protected] 2 INSIDE THIS ISSUE INSIDE THIS ISSUE 3 Barclays news Riders raise over £255,000 for The Prince’s Trust In September 2016, 450 Barclays employees took to Q3 2016 Results their bikes in the annual 100km Wheels for Change Barclays announced its strategy was on track with good progress in its Q3 Results, sponsored cycling challenge. published on 30 September 2016. Participants started with a lap of the VeloPark at the Queen Elizabeth Olympic Enjoying the ride Park in London before heading into the Essex countryside, braving 100km of hills Key highlights from the announcement include: Total operating expenses reduced 6% to £12,019m, reflecting and headwinds in aid of The Prince’s Trust. Core profit before tax increased 4% to £4,898m, reflecting savings from strategic cost programmes as well as lower litigation The event raised more than £255,000, reaffirming the event as one of the largest diversification benefits from consumer and wholesale customers and conduct charges. employee-led initiatives raising funds to support the life-changing work of The and clients, geographies and products, and the appreciation of the Commenting on Barclays’ performance, Jes Staley, Barclays CEO, Prince’s Trust across the UK. US dollar and euro against the pound. said: “The performance we have reported represents a period of Wheels for Change is an annual fundraising event organised by a small group of Group adjusted profit before tax decreased to £2,900m for the strong progress against our strategy that we outlined on 1 March, passionate Barclays employees. Since it was established in 2011 it has raised an nine-month period, driven by the acceleration of Non-Core and we have moved another stride closer towards completing the impressive £1.5m for charity. restructuring of Barclays – a restructuring that will create a simplified rundown, resulting in a 33% increase in loss before tax to £1,998m. Shane Hawkins, Wheels for Change founder and Chief of Staff, Global Technology, bank producing high quality returns for our shareholders, and on a Group adjusted return on average shareholders’ equity reduced to said: “I’m so proud of Wheels for Change. Year on year our employees’ dedication sustainable basis.” 4.4% (Q3 YTD 2015: 5.8%). and commitment to supporting causes they care about have ensured this event has For Q3 2016 Results in full visit home.barclays grown both in popularity and funds raised.” Cyclists with a cause The biggest change to currency Spectrum’s Gala Dinner raises £130,000 since decimalisation for Terrence Higgins Trust The new polymer £5 note, launched on 13 September 2016, marks the biggest change to UK Spectrum (Barclays LGBT Employee Network) held its 8th Gala Dinner on Friday, 14 October 2016 at The Savoy in London, and currency since decimalisation. raised over £130,000 to support leading HIV charity, Terrence Higgins Trust (THT). The money raised will help to fund THT’s Featuring Sir Winston Churchill, the plastic, rather than cotton paper, note is Work Positive Programme, which helps unemployed people living with HIV get back to work. cleaner, stronger and safer and will replace the existing £5 note by May 2017. Mike Roemer, Barclays’ Global LGBT+ lead and Head of Compliance, who opened the event said: “Inspiration comes from many It has a number of new security features, which make it harder to counterfeit, places and Barclays is proud to sponsor THT’s Work Positive Programme, which brings visibility to role models who challenge and including a see-through window and the Elizabeth Tower (Big Ben) foil, improve culture in the workplace and, more importantly, inspire the change to make inclusion a reality for all.” which is gold on the front of the note and silver on the back. The event was hosted by veteran actor, Simon Callow, and Pop Idol winner, Will Young lent his support to the cause, performing Barclays’ preparations hits such as Leave Right Now and All Time Love. He said: “I really enjoyed performing at the Barclays Spectrum Dinner and it’s so It is estimated that retailers and banks have invested more than £200m to rewarding to know the money raised is going to help people living with HIV get back to work. I am so pleased to support the work of change their ATMs, self-service checkouts and other equipment. Preparations Terrence Higgins Trust.” were underway at Barclays for 18 months before the launch. These included The funds raised by Barclays Spectrum are vital for ensuring the programme continues for another year. Ian Green, Chief Executive designing, coding and testing new software to be incorporated into hardware of THT, said: “Thank you to both Barclays and Barclays Spectrum for their ongoing support for Terrence Higgins Trust. We work hard in branches, from ATMs to self-service kiosks, and recalibrating the machines to empower people to live well with HIV and our back to work programme is a key part of this.” to accept both the old and new notes. The old £5 notes will remain legal tender The night also gave Barclays the opportunity to announce its continued partnership with THT through its agreement to support the until May 2017. Work Positive Programme via its own Apprenticeship Programme. Barclays is the only bank to have an in-house ATM software development team, which means we are uniquely placed to be able to streamline software New design development, including the significant work that has taken place behind the scenes to get our ATMs and self-service kiosks ready for the new £5 note.