The Alliance for Finance was founded in 1996 on the initiative of the Barclays Group Staff Union to encourage more joint campaigning and solidarity between the many trade unions and staff associations covering the banking and financial services sector in the UK.
[1] In particular, it was felt desirable to organise joint campaigns on training and mergers.
Previously, finance sector unions had a limited amount of co-operation through the Financial Services Staff Federation and Finance Sector Unions; these confederations took a back seat to the new Alliance.
[2] This quickly rose to 36 organisations, although the 1999 merger between the Banking Insurance and Finance Union, UNiFI and the NatWest Staff Association began a process of consolidation, which has tended to reduce its prominence.
Honorary Vice Presidents of the Alliance for Finance have included Baroness Turner of Camden and current Honorary Vice President Frank Needham former General Secretary of the in house union at National & Provincial Building Society (NAPSA).