HSBC Bank (UK) Pension Scheme (CAS-29124-X2X6 & CAS-29296-P7B7)
HSBC Bank Pension Trust (UK) Limited
The Applicants’ complaint is not upheld.
The Applicants’ complaint concerns pension and severance options they have been offered by the Bank upon redundancy.
The Applicants are of the opinion that, as members of the Scheme, they are entitled under:
(i) Appendix 2, Part 2 of Section 10 (former James Capel Staff Scheme members) of the Scheme (the Appendix), to a Tier 2 ‘enhanced’1 early retirement pension, with no reduction to their severance payment; alternatively
(ii) the Bank’s ‘Security of Employment Policy’ (the SEP)2, to a full ‘unreduced’ early retirement pension, and a reduced severance payment.
- Complainant: Mrs NRespondent: NHS Business Services AuthorityOutcome: Not upheldComplaint Topic: Benefits: refusal/failure to pay or late paymentRef: CAS-41310-M3X4Date:
- Complainant: Mr LRespondent: Aviva Life and Pensions UK LimitedOutcome: UpheldComplaint Topic: Benefits: refusal/failure to pay or late paymentRef: PO-25364Date: