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HSBC Midland Bank Pension Clawback Scheme

EDM number 561 in 2017-19, proposed by Jim Cunningham on 20/11/2017.
Categorised under the topics of Financial institutions and Pensions.

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to make additional financial plans for their retirement; further notes that other banks have not applied, or have withdrawn, this scheme; and calls on the Government to abolish pension clawback schemes and to ensure that older people have security and dignity in retirement.

This motion has been signed by a total of 42 MPs.

MPDateConstituencyPartyType
Jim Cunningham20/11/2017Coventry SouthLabourProposed
Gareth Snell20/11/2017Stoke-on-Trent CentralLabour/Co-operativeSeconded
Matt Western20/11/2017Warwick and LeamingtonLabourSeconded
Gill Furniss20/11/2017Sheffield, Brightside and HillsboroughLabourSeconded
Marie Rimmer20/11/2017St Helens South and WhistonLabourSeconded
Mark Hendrick20/11/2017PrestonLabourSeconded
Stephen McCabe20/11/2017Birmingham, Selly OakLabourSigned
Chris Stephens21/11/2017Glasgow South WestScottish National PartySigned
George Howarth21/11/2017KnowsleyLabourSigned
Ruth Smeeth21/11/2017Stoke-on-Trent NorthLabourSigned
Kate Hollern21/11/2017BlackburnLabourSigned
Dennis Skinner21/11/2017BolsoverLabourSigned
Martyn Day21/11/2017Linlithgow and East FalkirkScottish National PartySigned
Jim Shannon21/11/2017StrangfordDUPSigned
Ronnie Campbell22/11/2017Blyth ValleyLabourSigned
Louise Ellman22/11/2017Liverpool, RiversideLabourSigned
Jared O'Mara22/11/2017Sheffield, HallamIndependentSigned
Bob Blackman22/11/2017Harrow EastConservativeSigned
Alex Sobel22/11/2017Leeds North WestLabour/Co-operativeSigned
David Hanson23/11/2017DelynLabourSigned
Jonathan Edwards23/11/2017Carmarthen East and DinefwrPlaid CymruSigned
Tonia Antoniazzi23/11/2017GowerLabourSigned
Clive Betts27/11/2017Sheffield South EastLabourSigned
Bambos Charalambous27/11/2017Enfield, SouthgateLabourSigned
John McNally27/11/2017FalkirkScottish National PartySigned
Mary Glindon27/11/2017North TynesideLabourSigned
Chris Matheson28/11/2017City of ChesterLabourSigned
Liz Saville Roberts28/11/2017Dwyfor MeirionnyddPlaid CymruSigned
Kevin Barron28/11/2017Rother ValleyLabourSigned
Mike Hill30/11/2017HartlepoolLabourSigned
Dan Carden30/11/2017Liverpool, WaltonLabourSigned
Geraint Davies12/12/2017Swansea WestLabourSigned
Graham Jones16/01/2018HyndburnLabourSigned
Dan Jarvis05/02/2018Barnsley CentralLabourSigned
John Mann05/02/2018BassetlawLabourSigned
Jon Cruddas21/02/2018Dagenham and RainhamLabourSigned
Kate Green12/03/2018Stretford and UrmstonLabourSigned
Lloyd Russell-Moyle21/03/2018Brighton, KemptownLabour/Co-operativeSigned
Grahame Morris21/03/2018EasingtonLabourSigned
Ian Mearns21/03/2018GatesheadLabourSigned
Thelma Walker28/03/2018Colne ValleyLabourSigned
Tim Farron16/04/2018Westmorland and LonsdaleLiberal DemocratSigned

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