Latest rumour on the pay increments - increments to be replaced by a single representative pay band for each rank, set at something like the current level 4.
If correct, then I guess it's a nice pay rise on promotion, especially if you don't hang around but after a few years you'd quickly start to fall behind, especially with the now customary sub-inflationary annual uplift. Equally, with the new annual pension limits, I can see a high flyer getting promoted early and therefore getting quite a jump if a mid-level pay band is implemented ending up with a nice pensions tax bill for their trouble if they exceed the annual allowance. Talk about carrot and stick!
Not sure how accurate, but this is a rumour site and apparently briefed to a chum in the RE yesterday. But it all sounds very painful and hardly retention positive.