Tandem Group Modern Slavery and Human Trafficking Statement

This statementis issued on behalf of the Tandem Group and its subsidiary companies, the Group consists of:

• Tandem Home Loans Limited (no 05667257)
• Tandem Bank Limited​ (No. 00955491)​ 204479
• Tandem Money Limited​ (No. 08628614)
• Allium Lending Group Limited​ (No. 10028311)
• Allium Money Limited​ (No. 10977963)
• GDFC Services Plc​ (No. 08271985)
• GDFC Holdco Limited​ (No. 08272183)
• GDFC Assets Limited​ (No. 08272354)
• Oplo Holdings Limited​ (No. 10024904)
• Oplo Group Limited​ (No. 05438114)
• Tandem Motor Finance Limited​ (No. 07213812)​  
• Tandem Home Loans Limited​ (No 05667257)​  
• Tandem Personal Loans Ltd​ (No. 08457740)​  

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Tandem fully supports the objectives of the Modern Slavery Act 2015 and meets the requirements of the Act. Tandem will not engage in any business with a third party which engages in or is believed to engage in any form of modern slavery. This is reinforced by the values embedded throughout our organisation.

It is crucial to us that we operate within a culture promoting equality and ethical working practices. To date, we have had no reports of modern slavery within our organisation or our supply chains.

1. Organisation Structure & Business

Tandem is shaping the future of sustainable digital banking.  With more than 500 people working ‘in tandem’, we’re here to help more people in the UK get more from their money.  We go beyond banking, our mission is to provide tips, tools and personalise recommendations, to make it easier for more people to live a more sustainable lifestyle.

Our staff are largely directly employed from the United Kingdom and are not in any category which is seen to be vulnerable to modern slavery.

Tandem Bank Limited is authorised by the Prudential Regulation Authority and regulated bythe Financial Conduct Authority and the Prudential Regulation Authority.

In 2022 Tandem merged with Oplo, a lender which launched in 2009 to provide fairer access to financial product for all the hardworking Britons who have been left behind by traditional high street banks and other lenders.

Tandem provides a range of retail banking products;

• Motor Finance
• Home Loans
• Home Improvement Loans
• Specialist Mortgage
• Instant Access Saver Account
• Fixed Savers Account

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Suppliers of services to Tandem are firms based in the UK and internationally that provide goods and services in the following areas:

• Information Technology – software and hardware
• Operational Services
• Professional services such as marketing, legal and financial advice and consultancy.

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Our suppliers are required to provide contractual assurances relating to working practices on Modern Slavery.

2. Our Policies & Risk Management

Tandem operates in an open and fair manner with all employees. We provide a working environment where employees are treated with respect, dignity and consideration. As a dual regulated Bank, all employees undergo staff vetting prior to commencing employment with us and, depending on their job role and responsibility, at regular interval throughout the course of their employment.  

We conduct regular, anonymous, employee surveys to ensure employees work free from discrimination and harassment and in a safe, diverse and inclusive workplace.

Tandem also operates various practices, procedures and policies to ensure compliance with all human rights laws and UK employment laws. Key policies include the:  

• Modern Slavery Policy;
• Procurement and Supplier Risk Policy;
• Conduct Framework (and Conduct Statement)
• Whistleblowing Policy;
• HR Policy and Disciplinary procedures;
• Equality, Diversity & InclusionPolicy; and

• Risk assessment and due diligence processes.

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Retail financial services do not have high-risk exposure to modern slavery. However, Tandem undertakes due diligence and gives active consideration to all business partners and suppliers to ensure that their business practices and policies do not engage in Modern Slavery and that they both meet the requirements of Modern Slavery legislation and the expectations that the Tandem Group has of its business partners.

Tandem have processes, documented in the modern slavery policy, to identify and report suspicions of modern slavery within Tandem itself and of our third-party providers. These processes are reviewed regularly to ensure the controls in place are adequate.

3. Training & Awareness

We provide bi-annual modern slavery training to employees based on their role and level of responsibility.

4. Commitment & Conclusion

Tandem is committed to working closely with employees and suppliers to confirm and maintain our commitment to the identification and abolition of modern slavery.

The Board has concluded that given the nature of service provided to customers by Tandem and having considered the activities of suppliers of goods and services that there is negligible risk of slavery in its business or supply chain.

This statementis made pursuant to Section 54 of the Modern Slavery Act 2015 and constitutes the Modern Slavery and Human Trafficking Statement for Tandem.

This statement has been approved by the Board of Tandem Bank on 30 March 2026 and has been signed on its behalf by the CEO.