See the latest Annual Report and Accounts for the year to 31 December 2019.
Posted on Jul 30, 2020 | Read more
In 2018, the bank and trustee agreed that from 1 January 2020, the bank would make further contributions to the Group Fund of up to £1.5 billion in total (limited to an annual cap of £500m), linked to the bank making distributions to its shareholders.
Posted on Apr 02, 2020 | Read more
The Fund is run on behalf of the members by the Trustee Board, who make sure its run fairly and effectively and in the best interests of the members. Later this year, we will be seeking applications from the membership to join the Trustee Board.
Posted on Jul 04, 2019 | Read more
When you die, we’ll normally pay a pension to your spouse, civil partner or partner if they qualify. We may also pay a pension for any dependent children that you have. We may also pay a lump sum if you die while still working with the bank, or if you die within five years of starting to take your pension.
Posted on Apr 30, 2019 | Read more
Working with us, the bank has made clear progress in improving the Fund’s position. This includes a funding package of £2 billion from the bank, with a further £1.5 billion of dividend linked contributions payable in instalments from 2020. As a result, the Fund is in a stronger financial position now than it has been for over a decade. This means increased security for members’ benefits.
Posted on Apr 14, 2019 | Read more