TSB’s Anna Karenina Moment?
The Anna Karenina Principle, taken from the opening sentence of Leo Tolstoy’s book, says that a deficiency in any one of a number of factors dooms an endeavour to failure. Consequently, the success of a particular endeavour is one where every deficiency has been...
Opening Hours
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,...
What’s In A Name?
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....
£20Bn Case Goes To High Court
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...
TBU’s Legal Case Going To The High Court
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...
£20bn Pensions Discrimination Time Bomb
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...
Legal History
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...
TBU Newsletters
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