Pensions Raid Could Make TSB Staff £14,000 Worse Off?

When opening the latest stand-up, TSB’s new HR Director, Liz Ashford, observed that: “colleagues look out for and take care of one another and genuinely want the right thing for each other”. And when asked a question about “putting staff first”, she said: “the...

TSB’s Pension Raid

Liz Ashford, TSB’s new HR Director, needs to learn one thing very quickly: TSB staff are not stupid. The pension scheme changes she announced yesterday are not about “improving choice, flexibility, support and service provided to Partners”. The changes are being...

Debbie’s ‘For Sale’ Strategy

“Steady as she goes” doesn’t seem to be a compelling strategy. That’s what Debbie Crosbie, TSB Chief Executive Officer, said a few months ago. Compare that with TSB’s original mission to transform the ‘broken’ banking industry and ‘challenge’ the big five banks. The...

Are You “Dead Wood”?

Almost every report we get from members in branches and offices across TSB is about staffing levels. There is no recruitment activity and staff are leaving in their droves. One senior manager recently told staff that the bank was getting rid of its “dead wood” and was...

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