Business of the House

Justin Madders Excerpts

Thursday 23rd November 2017 Commons Chamber

[Justin Madders (Ellesmere Port and Neston) (Lab)]

I have been contacted by a number of constituents who are members of the HSBC Midland bank occupational pension scheme. The scheme operates a clawback provision, which appears to disproportionately impact those who have been the longest serving and lowest paid in the scheme. It has an impact on their access to the state pension, too. May we have a debate on that very important subject, which is affecting thousands of people up and down the country?

[Andrea Leadsom]

The issue of fairness in pensions, whether private sector or public sector, is always important for those who are affected. The hon. Gentleman will be aware that he can take that matter up with the Financial Conduct Authority, which can look into specific concerns pensioners have about a particular scheme. Equally, he may wish to raise the issue in the Budget debate next week.