Nov 23, 2018 | All Members, GMP Court Case
It’s a little known fact but the principle of equal pay for work of equal value, which was at the heart of our recent pension case, can be traced back to the Treaty of Versailles 1919 (Article 427), which brought World War 1 to an end. The fact that our pension case...
Nov 20, 2018 | All Members
TSB will save itself £18 million following the agreement reached with Accord on the Recognition Award. We expected that TSB would seek to recover some of the costs of the IT debacle from staff benefits. What we didn’t expect is that Accord would help them do it. TSB...
Nov 16, 2018 | All Members
In recognition for all their hard work in saving TSB from total collapse, staff have today been offered a measly payment of £1,500. After tax, that payment will be worth just over £1,000 to the average member of staff, which equates to £6.06 per working day since the...
Oct 31, 2018 | All Members
That is how much the botched IT migration has cost TSB so far according to the latest set of financial results. TSB made a £120.5 million loss for the nine months to September. On the back of the meltdown, Sabadell, TSB’s owner, has seen its share price fall by 24%...
Oct 26, 2018 | All Members, GMP Court Case
Please click here to view a PDF version of this press release. Recent Posts Goodbye To Catalonia Future Pension Increases – Letter To Members And MPs No ‘Money Confidence’ For Staff Pay & Bonuses 2021 Life Made A Little Bit Better In TSB Life Made Worse In TSB...
Oct 26, 2018 | All Members, GMP Court Case
Well, we’ve done it again. In the most anticipated pension case in 30 years, the High Court has ruled today that the Lloyds Banking Group pension schemes must equalise guaranteed minimum pensions (GMPs) for men and women. The outcome of this case will have profound...
