Jan 25, 2023 | All Members, GMP Court Case
The Trustee of the Lloyds Banking Group Pension Schemes has said for the first time that it’s going to make top-up payments to those TSB members who transferred out of their final pension schemes. It will start making those payments later this year. We estimate that...
Jan 16, 2023 | All Members
“My manager said I could try the new job and if I wasn’t happy with it I could go back to my old role. Now they’re saying that this assurance was never given and that my transfer is permanent.”. I’m sure you won’t be surprised to hear that routinely we receive calls...
Jan 4, 2023 | All Members, Pay
Lloyds staff received another £500 cost of living payment in December. That’s on top of the £1,000 they have already received. TSB staff have got just £500 so far and have to wait until next February to get the next £500 payment. TSB should increase that payment...
Dec 15, 2022 | All Members, GMP Court Case, Pensions
At the end of October, we wrote to hundreds of TBU members who had transferred their pensions out of one of the Lloyds Banking Group final salary pension scheme providing them with a standard letter to send to the Trustee. That letter said: “I have enclosed details of...
Dec 6, 2022 | All Members, Pay
Those TSB staff who receive Universal Credit never got the full amount of the last cost of living payment in October because of the way the benefit works. If nothing changes, those same staff won’t get the full benefit of the cost of living payment in February 2023....
