BTU Secures Top-Up Payments Worth £63 million

Jan 25, 2023 | All Members, GMP Court Case

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 members who transferred out of their final pension schemes. It will start making those payments later this year. We estimate that £63...

Transfer Pensions – Update

Dec 15, 2022 | All Members, GMP Court Case, Pensions

At the end of October, we wrote to hundreds of 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...

What Cost of Living Crisis?

Feb 25, 2022 | All Members, GMP Court Case, Pay

In the glossy video accompanying the bank’s new strategy, which we will discuss in more detail in a separate Newsletter, Charlie Nunn, Group Chief Executive, was asked what was “the toughest question you’ve been asked so far in preparing for this announcement?”. He...

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