GMP Court Case
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...
Letter To Mr. Harry Baines – LLOYDS BANKING GROUP PENSIONS TRUSTEE LIMITED v WALKER & OTHERS
Letter To Mr. Harry Baines – LLOYDS BANKING GROUP PENSIONS TRUSTEE LIMITED – SUPPORT FOR UKRAINE
Letter To Mr. Harry Baines – LLOYDS BANKING GROUP PENSIONS TRUSTEE LIMITED v WALKER & OTHERS
‘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...
£40 Million In Compensation
We are about to begin the next phase of the Union’s GMP campaign and that will begin to roll out in the next few weeks. Just to recap, last November the High Court ruled that Lloyds are legally responsible for equalising the guaranteed minimum pensions (GMPs) for...
Union Wins Landmark High Court Action, Again.
We’ve won in the High Court again. In the second part of the most important pension case in 30 years, the High Court has ruled today that the Lloyds Banking Group pension schemes are legally responsible for equalising the guaranteed minimum pensions (GMPs) for those...
Landmark High Court Case Continues….On Skype
The second part of the union’s landmark legal case on Guaranteed Minimum Pensions (GMPs) will begin in the High Court today. Given the current turmoil the case will be heard by Mr Justice Morgan via Skype. Members will recall that in the first case in 2018, the High...
Pensions Victory – The Making Of History
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...