Link to the AFG 2014 agreement

[fishtank]

Over a 10 year period 0.5% is significantly more than £100 lump sum.

I'm not a fan of lump sums in general but since you started with a passive/aggressive "Rubbish".
It's not a 10 year pay deal for a start so you can't use an arbitrary figure,we don't know what we'll be earning in 5 years time never mind 10 but your assumption is that my £100 is spent on frivolities like wine,loose women(not the TV prog) and song and does not appreciate.
If I invest my £100 in the stock market in 10 years it might be worth considerably more than 0.5%.

[Himaggen]

The mediation process just looks like another way to tie the IR Framework up until everybody gets old and dies.

Based on the fact you cannot take National IA, if you were to go down the framework route and take Local IA the Mediators would come and sit in on talks but with you back at work during those talks. This means no focus of attention by RM and essentially no bargaining position locally either. This agreement essentially removes the role of the Union from the workplace.

[Postaltony]

Pay rise still has a string attached relating to inflation.

[NumptyBumpty]

Over a 10 year period 0.5% is significantly more than £100 lump sum.

I'm not a fan of lump sums in general but since you started with a passive/aggressive "Rubbish".
It's not a 10 year pay deal for a start so you can't use an arbitrary figure,we don't know what we'll be earning in 5 years time never mind 10 but your assumption is that my £100 is spent on frivolities like wine,loose women(not the TV prog) and song and does not appreciate.
If I invest my £100 in the stock market in 10 years it might be worth considerably more than 0.5%.

A simple illustration : if I have a payrise of £100 and I earn £1000/year

Y1. £1100
Y2. £1100
Y3. £1100
Y4. £1100
And so on
After ten years I will have earned 10 x 1100 = 11,000

With a £100 lump sum:
Y1. £1100
Y2. £1000
Y3. £1000
Y4. £1000
And so on
After ten years I will have earned 1100 + 9x1000 = 10,100

This isn't even taking into account future pay rises. For someone at the beginning of their career, this would amount to a significant amount. With regards to investing your £100, I too can do that so that doesn't mean anything.

Unless it is added to your basic pay it is not a pay rise, the union has done well to get more basic pay.