Pension Clawback APPG

First Registered: 29/08/2018 • Last updated on: 10/03/2021

Official Page

To campaign for HSBC UK to remove state deduction, more commonly known as pension integration or 'clawback', from the post-1974 Midland Bank Defined Benefit Pension Scheme. To raise awareness of pension clawback more generally, especially in cases where it has been poorly communicated, and to highlight its discriminatory impacts.

Note: All-Party Parliamentary Groups (APPGs) are informal, cross-party groups formed by MPs and Members of the House of Lords who share a common interest in a particular policy area, region or country. APPGs have no official status within Parliament.

Current Members - Contact Details - Benefits in Kind - Financial Benefits - Former Members

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Recent Documents related to Pension Clawback

1. Midland Clawback Campaign - written evidence
16/05/2018 - Inquiry: Defined benefit pensions white paper inquiry - Work and Pensions Committee
- View source

Found: Written evidence - Midland Clawback CampaignWritten evidence from Midland Clawback Campaign (BPW0009) The

2. Pension Clawback
29/08/2018 - APPGs

Found: known as pension integration or 'clawback', from the post-1974 Midland Bank Defined Benefit Pension Scheme

3. Pension integration (or 'clawback')
15/02/2018 - Parliamentary Research

Found: Number CBP-01121, 15 February 2018 Pension integration (or ‚clawback™) By Djuna Thurley Contents: 1.

4. HSBC MIDLAND BANK PENSION CLAWBACK SCHEME
20/11/2017 - Early Day Motions

Found: Occupational Pension Scheme believe that they were not adequately made aware of the clawback feature; further

5. RemCo Deloitte Report
20/04/2018 - Inquiry: Carillion joint inquiry - Business, Energy and Industrial Strategy Committee
- View source

Found: with pension reduced to 20% Shareholding guideline increased to 200% of salarv Malus and clawback provisions

Latest Documents
Recent Speeches related to Pension Clawback

1. High-income Child Benefit Charge
03/09/2019 - Westminster Hall

1: simpler. I have not found figures for how much the clawback and the lack of take-up of child benefit have - Speech Link
2: and support allowance, community care grants or pension credit—all the things that people may qualify for - Speech Link
3: long-term pension planning. We have all heard horror stories of the Women Against State Pension Inequality - Speech Link

2. Corporate Governance and Insolvency
20/03/2018 - Commons Chamber

1: White Paper entitled “Protecting defined benefit pension schemes”, which provides for stronger powers for - Speech Link
2: There are two substantive proposals: on clawback and on disqualification of directors. There is - Speech Link
3: companies paying dividends. In fact many of our pension schemes rely on the profits paid from dividends - Speech Link

3. Business of the House
30/11/2017 - Commons Chamber

1: 14 December—Debate on a motion on equality of pension provision for women, followed by debate on a motion - Speech Link
2: Gentleman mentions the specific issue of the pension age for women. Of course he will be aware that - Speech Link
3: HSBC’s pension clawback? Employees in HSBC Midland Bank’s defined benefit occupational pension scheme - Speech Link

4. Bank Branch Closures
18/03/2020 - Westminster Hall

1: Against State Pension Inequality—who will have to wait longer before they access their state pension. Those - Speech Link

5. Draft Enactment of Extra-Statutory Concessions Order 2017
23/03/2017 - General Committees

1: respect of such purchases. That is known as clawback. The clawback provision is designed to maintain the integrity - Speech Link

Latest Speeches
Recent Questions related to Pension Clawback
1. Pension Wise
asked by: Neil Coyle
09/06/2020
... what recent estimate she has made of the number of people using the Pension Wise guidance service prior to accessing their pension savings.

2. Pension Wise
asked by: Neil Coyle
09/06/2020
... what recent discussions she has had with the Financial Conduct Authority on when the provisions under he Financial Guidance and Claims Act 2018 on usage of Pension Wise guidance will be implemented.

3. Pension Credit
asked by: Jo Stevens
07/07/2020
... how many people who were advised by the Government to shield in March 2020 were in receipt of pension credit.

4. Pension Credit
asked by: John Nicolson
24/03/2020
... what plans her Department has to measure the effectiveness of the 12-week awareness campaign on Pension Credit take-up that started on 12 February 2020.

5. Pension Wise
asked by: Christian Wakeford
26/10/2020
... in the context of the findings of the Money and Pension Service’s stronger nudge trials.

Latest Questions
6 Current APPG Officers
Clive Betts Portrait
Clive Betts
Chair & Registered Contact
Labour - Sheffield South East
Joined: 29th August 2018
Contact Details

Registered Contact:

Mr Clive Betts MP, House of Commons, London, SW1A 0AA. Tel: 020 7219 5114.

Email: officeofclivebettsmp@parliament.uk

Public Enquiry Point:

Steve Bradbury, Midland Clawback Campaign, 15 Rembrandt Drive, Dronfield, Derbyshire S18 1QN . Tel: 07985143 942

Email: Steve1brad@hotmail.com

No benefits in kind are on record for the Pension Clawback APPG

No direct financial benefits are on record for the Pension Clawback APPG

Former APPG Officers
Kevin Barron Portrait
Kevin Barron
Vice Chair
Labour - Former Member for Rother Valley
Joined: 29th August 2018
Departed: 5th November 2019
No other APPG Memberships
Helen Goodman Portrait
Helen Goodman
Vice Chair
Labour - Former Member for Bishop Auckland
Joined: 23rd October 2019
Departed: 5th November 2019
No other APPG Memberships
Lee Rowley Portrait
Lee Rowley
Secretary
Conservative - North East Derbyshire
Joined: 29th August 2018
Departed: 11th September 2019