Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions the Government has had with HSBC and other UK linked financial institutions about reports that BN(O) status holders are being denied access to their pension savings in Hong Kong when they leave.
This government is deeply committed to supporting members of the Hong Kong community who have relocated to the UK. We are aware that individuals who have chosen to take up the British National (Overseas) route are having difficulties accessing their Mandatory Provident Fund.
As documentary requirements for withdrawing funds are a matter for the Hong Kong authorities, officials have raised this issue directly with the Hong Kong Special Administrative Region Government and the Hong Kong MPF Schemes Authority. We have urged them to facilitate early draw down of funds as is the case for other Hong Kong residents who move overseas permanently and have made clear such discrimination of BN(O)s is unacceptable.
We will continue to raise the issue with the relevant authorities and work towards a solution.