Post Office: Incentives

(asked on 14th February 2024) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government when the 'Transformation Incentive Scheme' authorising payment of bonuses to the Post Office senior employees for co-operating with the Post Office Horizon IT Inquiry was designed, approved, and implemented; and which Ministers approved it.


Answered by
Lord Offord of Garvel Portrait
Lord Offord of Garvel
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 28th February 2024

While Ministers at the then Department for Business, Energy and Industrial Strategy (BEIS) and HM Treasury Ministers signed off on the 2021/22 Transformation Incentive Scheme (TIS) they did not authorise the payment of bonuses. Determining whether targets have been met and bonuses should be awarded is the responsibility of Post Office Limited’s Remuneration Committee.

The timeline of approvals is set out in both Post Office Limited’s Review of the Transformation Incentive Scheme (TIS), also known as the Amanda Burton Report, and HM Government’s Review Of The Governance Relevant To Post Office Limited's Senior Executive Remuneration.

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