GMP Court Case
BTU 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 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
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...
Letter To Mr. Harry Baines – LLOYDS BANKING GROUP PENSIONS TRUSTEE LIMITED v WALKER & OTHERS
What Cost of Living Crisis?
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...
Letter To Mr. Harry Baines – LLOYDS BANKING GROUP PENSIONS TRUSTEE LIMITED v WALKER & OTHERS
Letter To Members Regarding The Next Stage Of Our GMP Campaign
What, No Holidays?
Well, not quite. One of the things we have missed most during the pandemic and various lockdowns across the UK, other than family and friends of course, has been our annual holidays. Many members will have already been on their 2-weeks holiday or may be reading this...
£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...
GMP Ruling – The Next Steps
The Financial Times, commenting on our landmark High Court case, said: “Hundreds of thousands of former members of final salary pension schemes are now in line for a financial boost following a landmark High Court ruling on historical gender discrimination.” The key...
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...
BTU Newsletters
To ensure you’re completely up-to-date, register to receive our newsletters by email or text message to your mobile phone (with a web link). As you would expect your email address and mobile number, like all our other membership information, are confidential to you and the Union.
To receive copies by email just let us have your details at 24hours@btuonline.co.uk and we’ll arrange it.
Older newsletters are available upon request.