Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, if she will place all reports she received on the practice of HSBC Bank plc in deducting state deduction claw-back from its pensioners in the Library.

The Department for Work and Pensions has not received any reports about the practices of HSBC Bank plc on integrated pension schemes (or deducting state deduction clawback). The Department has received a number of written representations regarding integrated pension schemes from individuals and from Members of Parliament writing on their behalf.

There is a detailed explanation on integrated pension schemes in the 15 February 2018 briefing from the House of Commons Library titled ‘Pension integration (or ‘clawback’)’, which was published on the UK Parliament website and is available here:

http://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN01121

In addition, the Chair of the Trustees Board of HSBC Bank Pension Trust (UK) Limited has written to the Work and Pension’s Select Committee with more details on its practices. This letter was published on the UK Parliament website on 24 January 2018 and is available here:

https://www.parliament.uk/documents/commons-committees/work-and-pensions/Correspondence/Letter-from-Russell-Picot-Chair-HSBC-Pension-Trust-UK-to-Chair-regarding-Midland-section-12-January-2018.pdf