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HSBC MIDLAND BANK PENSION CLAWBACK SCHEME

EDM (Early Day Motion) 561: tabled on 20 November 2017

Tabled in the 2017-19 session.

This motion has been signed by 42 Members. It has not yet had any amendments submitted.

Motion text

That this House notes that employees of HSBC Midland Bank's Defined Benefit Occupational Pension Scheme believe that they were not adequately made aware of the clawback feature; further notes that this feature reduces the bank's pension contribution when basic state pension becomes payable; is concerned that this means that many staff were denied the opportunity to make additional financial plans for their retirement; further notes that other banks have not applied, or have withdrawn, this scheme; and calls on the Government to abolish pension clawback schemes and to ensure that older people have security and dignity in retirement.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Antoniazzi, Tonia
Labour
Signed on 23 November 2017
Gower
Barron, Sir Kevin
Labour
Signed on 28 November 2017
Rother Valley
Betts, Mr Clive
Labour
Signed on 27 November 2017
Sheffield South East
Blackman, Bob
Conservative
Signed on 22 November 2017
Harrow East
Campbell, Mr Ronnie
Labour
Signed on 22 November 2017
Blyth Valley
Carden, Dan
Labour
Signed on 30 November 2017
Liverpool, Walton
Charalambous, Bambos
Labour
Signed on 27 November 2017
Enfield, Southgate
Cruddas, Jon
Labour
Signed on 21 February 2018
Dagenham and Rainham
Davies, Geraint
Labour
Signed on 12 December 2017
Swansea West
Day, Martyn
Scottish National Party
Signed on 21 November 2017
Linlithgow and East Falkirk
Edwards, Jonathan
Plaid Cymru
Signed on 23 November 2017
Carmarthen East and Dinefwr
Ellman, Mrs Louise
Labour
Signed on 22 November 2017
Liverpool, Riverside
Farron, Tim
Liberal Democrat
Signed on 16 April 2018
Westmorland and Lonsdale
Glindon, Mary
Labour
Signed on 27 November 2017
North Tyneside
Green, Kate
Labour
Signed on 12 March 2018
Stretford and Urmston
Hanson, David
Labour
Signed on 23 November 2017
Delyn
Hill, Mike
Labour
Signed on 30 November 2017
Hartlepool
Hollern, Kate
Labour
Signed on 21 November 2017
Blackburn
Howarth, Mr George
Labour
Signed on 21 November 2017
Knowsley
Jarvis, Dan
Labour
Signed on 5 February 2018
Barnsley Central
Jones, Graham P
Labour
Signed on 16 January 2018
Hyndburn
Mann, John
Labour
Signed on 5 February 2018
Bassetlaw
Matheson, Christian
Labour
Signed on 28 November 2017
City of Chester
McCabe, Steve
Labour
Signed on 20 November 2017
Birmingham, Selly Oak
McNally, John
Scottish National Party
Signed on 27 November 2017
Falkirk
Mearns, Ian
Labour
Signed on 21 March 2018
Gateshead
Morris, Grahame
Labour
Signed on 21 March 2018
Easington
O'Mara, Jared
Independent
Signed on 22 November 2017
Sheffield, Hallam
Russell-Moyle, Lloyd
Labour
Signed on 21 March 2018
Brighton, Kemptown
Saville Roberts, Liz
Plaid Cymru
Signed on 28 November 2017
Dwyfor Meirionnydd
Shannon, Jim
Democratic Unionist Party
Signed on 21 November 2017
Strangford
Skinner, Mr Dennis
Labour
Signed on 21 November 2017
Bolsover
Smeeth, Ruth
Labour
Signed on 21 November 2017
Stoke-on-Trent North
Sobel, Alex
Labour
Signed on 22 November 2017
Leeds North West
Stephens, Chris
Scottish National Party
Signed on 21 November 2017
Glasgow South West
Walker, Thelma
Labour
Signed on 28 March 2018
Colne Valley

There are no withdrawn signatures for this motion.