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Written Question
Pension Funds: British National (Overseas)
Wednesday 16th October 2024

Asked by: Charlotte Nichols (Labour - Warrington North)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has had discussions with (a) HSBC and (b) Standard Chartered on the provision of Mandatory Provident Fund retirement savings to Hong Kongers on the British National (Overseas) visa scheme.

Answered by Tulip Siddiq

This government is deeply committed to supporting members of the Hong Kong community who have relocated to the UK. We are aware that individuals who have chosen to take up the British National (Overseas) route are having difficulties accessing their Mandatory Provident Fund from Hong Kong.

Whilst documentary requirements for withdrawing funds are a matter for the Hong Kong authorities, officials have raised this issue directly with the Hong Kong Special Administrative Region Government and the Hong Kong MPF Schemes Authority. We have urged them to facilitate early draw down of funds as is the case for other Hong Kong residents who move overseas permanently and have made clear such discrimination of BN(O)s is unacceptable.

Welsh Senedd Debate - Plenary
9. Debate: The Welsh Language Commissioner’s Annual Report 2023-24 - Tue 12 Nov 2024

Mentions:
1: Heledd Fychan (Plaid Cymru - None) I’m very pleased regarding the comments you made about HSBC. - Speech Link
2: Delyth Jewell (Plaid Cymru - None) that and the fact that there are still challenges to the status of the language, with businesses like HSBC - Speech Link

Departmental Publication (Transparency)
HM Treasury

Aug. 30 2024

Source Page: HM Treasury: ministerial gifts, hospitality, overseas travel and meetings, January to March 2024
Document: (webpage)

Found: Jeremy Hunt 2024-01-05 HSBC To discuss the UK economy and financial services sector.

Departmental Publication (Transparency)
Department for Business and Trade

Nov. 29 2024

Source Page: COVID-19 loan guarantee schemes repayment data: September 2024
Document: (ODS)

Found: HSBC UK Bank Plc acquired Silicon Valley Bank UK Ltd in March 2023 Lenders are listed alphabetically

Non-Departmental Publication (News and Communications)
UK Export Finance (UKEF)

Jan. 13 2025

Source Page: Basingstoke manufacturer secures £750k deal to power expansion across the USA, Asia and Middle East
Document: Basingstoke manufacturer secures £750k deal to power expansion across the USA, Asia and Middle East (webpage)

Found: Provided by HSBC, the government-backed financing will enable Winkworth Machinery to expand its manufacturing

Non-Departmental Publication (News and Communications)
Prime Minister's Office, 10 Downing Street

Oct. 05 2024

Source Page: Prime Minister puts investment at the heart of first Council of the Nations and Regions
Document: Prime Minister puts investment at the heart of first Council of the Nations and Regions (webpage)

Found: It will be sponsored by Barclays, HSBC, Lloyds, M&G plc, Octopus Energy, and TSL.   

Departmental Publication (News and Communications)
Department for Energy Security & Net Zero

Feb. 05 2025

Source Page: Net Zero Council relaunched to supercharge Clean Energy Superpower Mission
Document: Net Zero Council relaunched to supercharge Clean Energy Superpower Mission (webpage)

Found: Wildlife Fund, Design Council and Local Government Association, alongside others including Siemens, HSBC

Departmental Publication (Transparency)
Department for Business and Trade

Nov. 28 2024

Source Page: DBT: senior officials’ business expenses, hospitality, and meetings, April to June 2024
Document: (webpage)

Found: John Edwards 16/07/2024 Global Infrastructure Investment Allowance Dinner Yes John Edwards 19/06/2024 HSBC

Departmental Publication (News and Communications)
HM Treasury

Jan. 11 2025

Source Page: Chancellor marks £600m of secure growth for UK economy in Beijing
Document: Chancellor marks £600m of secure growth for UK economy in Beijing (webpage)

Found: A range of financial services companies with a substantial presence in the market - HSBC, Standard Chartered

Non-Departmental Publication (Guidance and Regulation)
Competition and Markets Authority

Apr. 02 2025

Source Page: Small and medium-sized enterprise (SME) banking undertakings
Document: Small and medium-sized enterprise (SME) banking undertakings (webpage)

Found: behavioural undertakings: Directions to Barclays SME banking 2002 behavioural undertakings: Directions to HSBC