Apr. 16 2025
Source Page: Funding from Homes England and HSBC UK supports Wyatt Homes to deliver hundreds more houses across the southFound: Funding from Homes England and HSBC UK supports Wyatt Homes to deliver hundreds more houses across the
Correspondence Mar. 06 2025
Committee: Treasury Committee (Department: HM Treasury)Found: Correspondence from HSBC UK, relating to the impact of IT failures, dated 26 February 2025 Correspondence
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 - Economic 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.
Nov. 08 2024
Source Page: Report under section 79A of the Banking Act 2009 on the transfer of Silicon Valley Bank UK to HSBC UK. Incl. annex. 9p.Found: Report under section 79A of the Banking Act 2009 on the transfer of Silicon Valley Bank UK to HSBC UK
Jul. 04 2024
Source Page: HSBC European Works Council v HSBC Continental Europe: [2024] EAT 104Found: HSBC European Works Council v HSBC Continental Europe: [2024] EAT 104
Mentions:
1: Manuela Perteghella (LD - Stratford-on-Avon) bring to the House’s attention one of the most concerning injustices faced by thousands of former HSBC - Speech Link
2: Lee Pitcher (Lab - Doncaster East and the Isle of Axholme) I have a constituent who has worked for 44 years at Midland bank and HSBC. - Speech Link
3: Manuela Perteghella (LD - Stratford-on-Avon) The money is not being taken by the state; it actually goes back to HSBC. - Speech Link
4: Manuela Perteghella (LD - Stratford-on-Avon) HSBC has the resources; what it lacks is the will. - Speech Link
Jul. 25 2024
Source Page: Directions issued to HSBC about breaches of the Retail Banking OrderFound: Directions issued to HSBC about breaches of the Retail Banking Order
Asked by: Ben Maguire (Liberal Democrat - North Cornwall)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what steps is the Department is taking to support (a) pensioners who face significant reductions in their pensions when they reach state pension age and (b) other pensioners affected by the HSBC Clawback scheme.
Answered by Emma Reynolds - Economic Secretary (HM Treasury)
Members of an integrated scheme are not having money they are entitled to taken away from them when they reach state pension age. A member’s benefit entitlement is adjusted and paid as higher payments before they receive their State Pension, then in lower payments after this date.
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.
Jul. 25 2024
Source Page: Directions issued to HSBC about breaches of the Retail Banking OrderFound: Directions issued to HSBC about breaches of the Retail Banking Order
Jul. 25 2024
Source Page: CMA letter to HSBC about breaching Part 7 of the Retail Banking OrderFound: CMA letter to HSBC about breaching Part 7 of the Retail Banking Order