Apr 26, 2019 | All Members
TSB has confirmed for the first time that its cost income ratio is too high and needs to be reduced significantly over the next few years if it’s to survive. A new Chief Executive is normally given a period of grace to devise a new approach, blame the previous job...
Apr 12, 2019 | All Members
You know things are desperate when a union starts blaming its members for their lack of action or support. In an incredible admission of failure, Accord has told its members that it couldn’t do anything on pay this year because “Unfortunately, we only received...
Apr 9, 2019 | All Members
Some members will have seen the recent press coverage on pension allowances for chief executives. This campaign started when we wrote to the Investment Association criticising the pension allowance for Mr. Antonio Horta-Osorio, Group Chief Executive of Lloyds Banking...
Apr 5, 2019 | All Members
TSB recently reported its April 2018 gender pay gap results in line with the Equality Act 2010 (Gender Pay Gap Information Regulations 2017). The Groups mean gender pay gap increased from 31% (2017) to 31.2% (2018). So, what that means is the hourly rate for women in...
Apr 2, 2019 | All Members
As we predicted, the new Chief Executive of TSB, Debbie Crosbie, has been given the job of slashing costs, including reducing staff numbers (with head office functions in London, Bristol and Edinburgh bearing the brunt of the job losses), closing branches and getting...
Mar 25, 2019 | All Members
Following our Newsletter a few weeks ago TSB has confirmed that it’s closing a number of branches and reducing the opening times for many more over the next few months. Peter Navin, the current Distribution Director, has said: “I am determined to use strategies such...
