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Written Question
HSBC: Workplace Pensions
Tuesday 29th October 2024

Asked by: James MacCleary (Liberal Democrat - Lewes)

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what discussions she has had with HSBC on pension clawback policy; and if she will make representations to HSBC on reviewing that policy.

Answered by Emma Reynolds - Parliamentary Secretary (HM Treasury)

No discussions on this subject have taken place with HSBC. The design of a pension offered as part of an employer’s reward package is a matter for that employer, provided that it meets the relevant legal requirements.