Accord (trade Union)
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Accord (trade Union)
Accord is an independent trade union, affiliated to the TUC and the Scottish TUC and specialized for around 25,000 staff in financial services, including members in the Lloyds Banking Group, MBNA, TSB, The Equitable Life Assurance Society and Sainsbury's Bank. History Accord can trace its origins back to 1978, when it was founded as the Halifax Building Society Staff Association (HBSSA). The HBSSA was founded by John Simmons, the then manager of the Halifax branch in Plymouth. He had concluded that staff within the Halifax Building Society were in need of trade union representation, and had begun organising in earnest in 1977. Simmons was keen to avoid the use of the word "union" because of the negative connotations associated with militant trade unions in the UK in the 1970s. Accord's headquarters, Simmons House, is named after John Simmons. In 1978 Ernie Roberts was appointed as the first General Secretary. Branch reps were elected and Regional Committees established. From t ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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Sainsbury's Bank
Sainsbury's Bank plc, trading as Sainsbury's Bank, is a British bank wholly owned by Sainsbury's, a national supermarket chain in the United Kingdom. The bank began trading on 19 February 1997 as a joint venture between J Sainsbury plc and Bank of Scotland. Sainsbury's took full ownership of the bank in January 2014. The bank's head office is located in Edinburgh, Scotland and its registered office in London, England. In 2017 it had over 2.1 million active customers. History Sainsbury's and Bank of Scotland (later a subsidiary of Lloyds Banking Group) formed the bank as a joint venture, and it received a full banking licence from the Bank of England in January 1997. It launched on 19 February 1997. On 8 May 2013, Sainsbury's announced it would buy the 50% share in the business owned by Lloyds Banking Group. The transfer was completed on 31 January 2014, and Sainsbury's Bank became a wholly owned subsidiary of J Sainsbury plc. Services The bank provides a range of financial prod ...
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Finance Sector Trade Unions
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ...
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Trade Unions Established In 1978
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market (economics), market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or Earnings, earning. The History of money#Emergence of money, invention of money (and letter of credit (finance), credit, paper money, and digital currency, non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and grou ...
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1978 Establishments In The United Kingdom
Events January * January 1 – Air India Flight 855, a Boeing 747 passenger jet, crashes off the coast of Bombay, killing 213. * January 5 – Bülent Ecevit, of CHP, forms the new government of Turkey (42nd government). * January 6 – The Holy Crown of Hungary (also known as Stephen of Hungary Crown) is returned to Hungary from the United States, where it was held since World War II. * January 10 – Pedro Joaquín Chamorro Cardenal, a critic of the Nicaraguan government, is assassinated; riots erupt against Somoza's government. * January 18 – The European Court of Human Rights finds the British government guilty of mistreating prisoners in Northern Ireland, but not guilty of torture. * January 22 – Ethiopia declares the ambassador of West Germany ''persona non grata''. * January 24 ** Soviet satellite Kosmos 954 burns up in Earth's atmosphere, scattering debris over Canada's Northwest Territories. ** Rose Dugdale and Eddie Gallagher become the first convicted priso ...
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Trade Unions In The United Kingdom
Trade unions in the United Kingdom were first decriminalised under the recommendation of a Royal commission in 1867, which agreed that the establishment of the organisations was to the advantage of both employers and employees. Legalised in 1871, the Trade Union Movement sought to reform socio-economic conditions for working men in British industries, and the trade unions' search for this led to the creation of a Labour Representation Committee which effectively formed the basis for today's Labour Party, which still has extensive links with the Trade Union Movement in Britain. Margaret Thatcher's governments weakened the powers of the unions in the 1980s, in particular by making it more difficult to strike legally, and some within the British trades union movement criticised Tony Blair's Labour government for not reversing some of Thatcher's changes. Most British unions are members of the TUC, the Trades Union Congress (founded in 1867), or where appropriate, the Scottish Tra ...
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Bank Of Scotland
The Bank of Scotland plc (Scottish Gaelic: ''Banca na h-Alba'') is a commercial and clearing bank based in Scotland and is part of the Lloyds Banking Group, following the Bank of Scotland's implosion in 2008. The bank was established by the Parliament of Scotland in 1695 to develop Scotland's trade with other countries, and aimed to create a stable banking system in the Kingdom of Scotland. With a history dating to the end of the 17th century, it is the fifth-oldest extant bank in the United Kingdom (the Bank of England having been established one year earlier), and is the only commercial institution created by the Parliament of Scotland to remain in existence. It was one of the first banks in Europe to print its own banknotes, and it continues to print its own sterling banknotes under legal arrangements that allow Scottish banks to issue currency. In June 2006, the HBOS Group Reorganisation Act 2006 was passed by the Parliament of the United Kingdom, allowing the bank' ...
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Clerical Medical
Clerical Medical is a British life assurance, pensions and investments company founded in 1824, and a subsidiary of Lloyds Banking Group. History In 1824, Dr George Pinckard formed a committee of physicians and members of the clergy which published a pamphlet called 'Prospectus for the Establishment of a new Assurance Office with Improved Arrangements'. On 18 June 1824, the Medical, Clerical and General Life Assurance Society was formed. Pinckard was appointed as Chairman, the Marquis of Huntly as President, and Pinckard's brother Joseph as Resident Secretary and Actuary. A board of directors, which included eight eminent physicians was also appointed. The company's first policy was issued to Richard Pinckard, a nephew of Dr George Pinckard. In 1855, the company moved its headquarters to Lichfield House in St James's Square, London. Clerical Medical acquired the General Reversionary and Investment Company in 1913, and in 1920 a merger with The Employers’ Liability Assurance ...
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Leeds Permanent Building Society
The Leeds Permanent Building Society was a building society founded in Leeds, England in 1848 and was commonly known in a shortened form as The Leeds or The Perm. It should not be confused with the extant Leeds Building Society (formerly Leeds and Holbeck Building Society) History 1848-1948 Before the formation of “The Leeds” there had been an earlier terminating society, the Leeds Building and Investment Society, but its ability to expand was restricted by its terminating structure. To obviate this, the promoters and trustees decided to form a permanent society in 1848, namely the Permanent Second Leeds Benefit Building and Investment Society, shortened in 1851 to Leeds Permanent Benefit Building Society. Compiled J W Stafford, ''A Survey of One Hundred Years Leeds Permanent Building Society 1848-1948'', Leeds, 1948 The Society's first offices were located in Exchange Buildings in Lands Lane, where business was conducted from 10am to 4pm, and also 7pm to 9pm on Tuesdays ...
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Manchester
Manchester () is a city in Greater Manchester, England. It had a population of 552,000 in 2021. It is bordered by the Cheshire Plain to the south, the Pennines to the north and east, and the neighbouring city of Salford to the west. The two cities and the surrounding towns form one of the United Kingdom's most populous conurbations, the Greater Manchester Built-up Area, which has a population of 2.87 million. The history of Manchester began with the civilian settlement associated with the Roman fort ('' castra'') of ''Mamucium'' or ''Mancunium'', established in about AD 79 on a sandstone bluff near the confluence of the rivers Medlock and Irwell. Historically part of Lancashire, areas of Cheshire south of the River Mersey were incorporated into Manchester in the 20th century, including Wythenshawe in 1931. Throughout the Middle Ages Manchester remained a manorial township, but began to expand "at an astonishing rate" around the turn of the 19th century. Manchest ...
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Plymouth
Plymouth () is a port city and unitary authority in South West England. It is located on the south coast of Devon, approximately south-west of Exeter and south-west of London. It is bordered by Cornwall to the west and south-west. Plymouth's early history extends to the Bronze Age when a first settlement emerged at Mount Batten. This settlement continued as a trading post for the Roman Empire, until it was surpassed by the more prosperous village of Sutton founded in the ninth century, now called Plymouth. In 1588, an English fleet based in Plymouth intercepted and defeated the Spanish Armada. In 1620, the Pilgrim Fathers departed Plymouth for the New World and established Plymouth Colony, the second English settlement in what is now the United States of America. During the English Civil War, the town was held by the Roundhead, Parliamentarians and was besieged between 1642 and 1646. Throughout the Industrial Revolution, Plymouth grew as a commercial shipping port, handling ...
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The Equitable Life Assurance Society
The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance company in the United Kingdom. The world's oldest mutual insurer, it pioneered age-based premiums based on mortality rate, laying "the framework for scientific insurance practice and development" and "the basis of modern life assurance upon which all life assurance schemes were subsequently based". After closing to new business in 2000, parts of the business were sold off and the remainder of the company became a subsidiary of Utmost Life and Pensions in January 2020. At its peak in the 1990s, Equitable had 1.5 million policyholders with funds worth £26 billion under management, but it had allowed large unhedged liabilities to accumulate in respect of guaranteed fixed returns to investors without making provision for adverse market changes. Many policyholders lost half their life savings, and the company came close to collapse. Following a July 2000 House of Lords ruling and the fail ...
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