TBU Secures Top-Up Payments Worth £63 million

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...

Transfer Pensions – Update

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...

‘Hybrid’ Working – The Next Steps

A large number of TSB staff will continue to work from home in hybrid ways and we expect that transformation to the new ways of working will begin in Q4. TSB has not committed to an exact date, which is wise given that there is increasing speculation that if the...

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