GMP Court Case

GMP Court Case

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...

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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...

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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...

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£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...

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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...

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