HSBC: Pensions

(asked on 9th November 2018) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what representations she has received on the HSBC Midland Bank pension clawback; and if she will make a statement.


Answered by
Guy Opperman Portrait
Guy Opperman
This question was answered on 14th November 2018

Successive governments including the Labour government 1997-2010, Coalition and present Conservative government have had a consistent position on this issue. The Department for Work and Pensions receives a number of written representations on the Midland Pension Scheme, which is now part of the HSBC Bank (UK) Pension Scheme, about its integrated pension (or claw-back) policy from individuals and from Members of Parliament writing on their behalf, as it does on many issues.

The Governments position on this issue was set out in response to a written parliamentary question on this subject, which can be accessed here.

https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2017-11-13/112544/

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