Midland Bank: Pensions
Commons · Question 47785 · Tabled 24 Apr 2025 · Department for Work and Pensions · Official record
Answered 1 May 2025
Question
Asked by Munira Wilson
To ask the Secretary of State for Work and Pensions, what her Department's policy is on compensating people affected by the clawback feature of the Midland Bank pension scheme.
Answer
Answered by Torsten Bell, 1 May 2025
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...