Where it started
The original TSB Bank Staff Benevolent Fund is the successor to the Savings Bank Institute Benevolent Fund. The Savings Bank Institute was the professional body for Savings Bank employees and its Benevolent Fund provided benevolence to the staff of the multitude of regional banks. As the individual banks merged to eventually form the TSB Bank Plc, the role of the Institute was replaced by ourselves. In 2009 we obtained the agreement of the Charities Commission to amend our constitution to extend benevolence to the Lloyds TSB Pension Scheme No1 (covering Lloyds Bank heritage staff).
Beneficiaries of the fund include the legacy companies of the original TSB Group Plc including UDT, Hill Samuel, Escombe Lambert Ltd, Lambert Bros Ltd, Isis Plant Ltd, Swan National Ltd and other former subsidiaries.
In 2015, to reflect change within the banking sector, we obtained approval from the Charities Commission to make further changes to our constitution, permitting us to extend benevolence to both staff and pensioners of the TSB Bank Group Plc and Lloyds Bank Group Plc.