Written Question·Department for Work and Pensions·UIN 54040

HSBC: Workplace Pensions

Tabled: 21 May 2025

Answered: 2 June 2025

Question

Olivia Blake

To ask the Secretary of State for Work and Pensions, whether her Department is taking steps to (a) provide guidance to, (b) help seek redress for and (c) otherwise help support people affected by HSBC historically deducting a portion of its workers' occup

Answer

Torsten Bell

Integrated pensions are intended to provide people who retire before their State Pension age with a similar pension income before and after their State Pension comes into payment. A member’s scheme pension is calculated so that the scheme pays a higher pe...

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