Sep 4, 2018 | All Members
In a recent TBU survey, 77% of members said that Paul Pester did not have the full support of staff. Today, ironically 24 hours after another IT meltdown, the Bank announced that Paul Pester, TSB’s Managing Director, will be leaving with immediate effect. Richard...
Jul 26, 2018 | All Members
Before we answer the severance question, let’s talk about TSB’s day of reckoning. On the 27th, TSB and Sabadell will publish their Q2 2018 results. Notwithstanding the spin from Barcelona and Gresham Street, they are going to be a disaster. The question is how much of...
Jul 25, 2018 | GMP Court Case
How to achieve pension equality, if that is what is required, is the most complex question raised in the proceedings and the one that’s taken up much of the Court’s time The actuaries and lawyers have identified four possible methods, three of which have possible...
Jul 18, 2018 | GMP Court Case
The case is going as we expected and there have been no surprises. Many members have asked why the Department of Work and Pension (DWP) and HM Treasury (HMT) are involved in the case. The Government applied, very late in the day, to intervene in the proceedings. They...
Jul 13, 2018 | All Members
In a recent letter to the Chairman of the Treasury Select Committee, Richard Meddings, Chairman of TSB, said that “TSB is at, or functioning, close to normal for the majority of TSB customers” Mr Meddings needs to get out more and see what’s actually going on in...
