Written Question·Department for Work and Pensions·UIN 10011

HSBC: Workplace Pensions

Tabled: 18 October 2024
Answered: 29 October 2024

Question

James MacCleary

Liberal DemocratLewes

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.

Answer

Emma Reynolds
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.

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