Written Question·Department for Work and Pensions·UIN 10560
HSBC: Workplace Pensions
Tabled: 22 October 2024
Answered: 29 October 2024
Question
Ben Maguire
Liberal Democrat — North Cornwall
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 Clawbac
Answer
Emma ReynoldsMembers 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...
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