Mar 29, 2018 | All Members
As part of its review into branch opening hours, which will see the closure of 9 branches, TSB has said that a number of branches will reduce their opening hours from 9,00am to 5.00pm to 9.30am to 4.30pm. The branches will be closed over lunchtime. Let’s be clear,...
Mar 19, 2018 | All Members
As members now know the Union is changing the brand name it uses in TSB to “The Banking Union”; using “TBU” as the short version. The background to the change is that Lloyds Banking Group has threatened legal action to stop us using the word “Lloyds” in our name....
May 23, 2017 | All Members, GMP Court Case
The Union’s landmark legal case on the equalisation of Guaranteed Minimum Pensions (GMPs) has now been lodged with the High Court. Members will recall that the Bank, TBU and the Lloyds Banking Group Pensions Trustee Limited are bringing the case jointly. Three...
Nov 29, 2016 | All Members, GMP Court Case
Lloyds Banking Group, the Trustee Board and TBU have agreed to refer the Union’s landmark legal action on Guaranteed Minimum Pensions (GMPs) to the High Court. Given what’s gone on over the past 18 months with LBG, that’s not a sentence I expected to write. Under...
Sep 16, 2016 | All Members, GMP Court Case
It’s a complex subject, so bear with me. The issue is about how pensions, in particular Guaranteed Minimum Pensions (GMPs), are increased under the rules of the Bank’s defined benefit (final salary) pension schemes. The outcome is straightforward. The pensions of...
Sep 15, 2016 | All Members, GMP Court Case
The stakes couldn’t get much bigger. If our landmark legal action, which was covered widely in the national press, is successful then not only will up to 165,000 female members of the Bank’s defined benefit pension schemes be entitled to pension increases but some 5...
