Banking Insurance And Finance Union
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Banking Insurance And Finance Union
The Banking, Insurance and Finance Union (BIFU) was a British trade union. The union was founded in 1946 as the National Union of Bank Employees (NUBE), when the Bank Officers' Guild and the Scottish Bankers' Association merged. In 1979, it was renamed the Banking, Insurance and Finance Union. In 1999, it merged with the NatWest Staff Association and the Barclays Group Staff Union to form UNIFI. By the time of its merger, the union had 113,000 members, in national and international banks, the Bank of England, insurance companies, building societies, finance houses and the Financial Services Authority. It was affiliated to the Trades Union Congress. General Secretaries :1946: T. G. Edwards :1959: James Hornby :1963: Alfred Brooks :1972: Leif Mills :1996: Ed Sweeney References External linksCatalogue of the BIFU archives held at the Modern Records Centre, University of Warwick The Modern Records Centre (MRC) is the specialist archive service of the University of W ...
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UNIFI (trade Union)
UNIFI was a trade union representing workers in the finance sector in Britain. The name UNiFI was briefly adopted by the Barclays Group Staff Union in 1999. Later in the year, the union merged with the Banking, Insurance and Finance Union and the NatWest Staff Association, and the new organisation chose the very similar name "UNIFI". In 2004, UNIFI merged with Amicus, now part of Unite the Union. The organisation's general secretary Secretary is a title often used in organizations to indicate a person having a certain amount of authority, power, or importance in the organization. Secretaries announce important events and communicate to the organization. The term is derived ... was Ed Sweeney, and the national secretary was Rob MacGregor. General Secretaries :1999: Rory Murphy and Ed Sweeney References Trade unions established in 1999 Trade unions disestablished in 2004 Finance sector trade unions Defunct trade unions of the United Kingdom 1999 establishm ...
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Building Society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingdom, Australia and New Zealand, and used to exist in Ireland and several Commonwealth countries. They are similar to credit unions in organisation, though few enforce a common bond. However, rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Great Britain from cooperative savings groups. In the United Kingdom, building societies actively compete ...
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Defunct Trade Unions Of The United Kingdom
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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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 1946
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. 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 earning. The invention of money (and letter of credit, paper money, and 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 groups concentrate on a small aspect of production, but use their output in trades for other products an ...
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Modern Records Centre, University Of Warwick
The Modern Records Centre (MRC) is the specialist archive service of the University of Warwick in Coventry, England, located adjacent to the Central Campus Library. It was established in October 1973 and holds the world's largest archive collection on British industrial relations, as well as archives relating to many other aspects of British social, political and economic history. The BP corporate archive is located next to the MRC, but has separate staff and facilities. Holdings Trade unions The Modern Records Centre holds by far the largest collection of archives of British trade unions in the country. The largest collection held in the centre is the archive of the Trades Union Congress (TUC). Other significant collections of archives relating to British trade unions include: *Amalgamated Engineering Union / Amalgamated Society of Engineers (United Kingdom), Amalgamated Society of Engineers *Amalgamated Slaters' and Tilers' Provident Society *Amalgamated Society of Carpenters ...
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Leif Mills
Leif Anthony Mills (25 March 1936 – 17 December 2020) was a British trade unionist. Mills was educated at Kingston Grammar School and went on to study at Balliol College, Oxford before undertaking national service in the Royal Military Police.Barrie Clement,Balliol man climbs to top of union tree, ''The Independent'', 10 September 1994 He then joined the National Union of Bank Employees (later renamed the Banking Insurance and Finance Union - BIFU), becoming Assistant General Secretary in 1962, then Deputy General Secretary in 1968, and finally General Secretary in 1972, serving until 1996.Leif Mills, Esq, CBE Authorised Biography
, ''Debretts''
Mills stood unsuccessfully for the
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Financial Services Authority
The Financial Services Authority (FSA) was a quasi-judicial body accountable for the financial regulation, regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board (SIB) in 1985. Its board was appointed by the HM Treasury, Treasury, although it operated independently of government. It was structured as a company limited by guarantee and was funded entirely by fees charged to the financial services industry. Due to perceived regulatory failure of the banks during the financial crisis of 2007–2008, the Cameron–Clegg coalition, UK government decided to restructure financial regulation and abolish the FSA. On 19 December 2012, the ''Financial Services Act 2012'' received royal assent, abolishing the FSA with effect from 1 April 2013. Its responsibilities were then split between two new agencies: the Financial Conduct Authority and the Prudential Regulation Authority (United Kingdom), Prudent ...
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Finance House
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 assessment ...
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Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ...
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Trades Union Congress
The Trades Union Congress (TUC) is a national trade union centre A national trade union center (or national center or central) is a federation or confederation of trade unions in a country. Nearly every country in the world has a national trade union center, and many have more than one. In some regions, such a ..., a federation of trade unions in England and Wales, representing the majority of trade unions. There are 48 affiliated unions, with a total of about 5.5 million members. Frances O'Grady, Baroness O'Grady of Upper Holloway, Frances O'Grady became General Secretary of the TUC, General Secretary in 2013 and presented her resignation in 2022, with Paul Nowak (trade unionist), Paul Nowak becoming the next General Secretary in January 2023. Organisation The TUC's decision-making body is the Annual Congress, which takes place in September. Between congresses decisions are made by the General Council of the Trades Union Congress, General Council, which meets every two mont ...
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