HSBC: Workplace Pensions
Commons · Question 10560 · Tabled 22 Oct 2024 · Department for Work and Pensions · Official record
Answered 29 Oct 2024
Question
Asked by Ben Maguire
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
Answered by Emma Reynolds, 29 Oct 2024
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...