TSB’s Night Of The Long Knives

Two of TSB’s longest serving directors – John Bradford and Andy Armitage – are going, albeit they’ve been given non-jobs to do for a few months before leaving, as Robin Bulloch seeks to assert control over TSB’s branch network. We also understand from members...

TSB’s Scramble To Find £100 Million Savings

If changing to the new pension scheme was such a good idea why did TSB not do it last year or the year before that? The simple answer is TSB is desperately looking to save money and the pension scheme is the first casualty of that war on costs. And it won’t be the...

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...

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