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...
