Bill · started in the Commons
Bankers' Pensions (Limits) Bill
A Bill to make provision for the pensions of board members of banks that are wholly or partly in public ownership to be limited in certain circumstances; and for connected purposes.
In progress
Current stage: 2nd reading (Commons)
The story so farThe Bankers' Pensions (Limits) Bill was introduced in the House of Commons on 10 March 2009 by Ann Clwyd (Labour). It is now at second reading in the House of Commons. Second reading is the first debate on the overall principle of the bill; if the bill clears it, detailed committee scrutiny follows.
What the bill does
This Bill would allow the pensions of board members of banks to be limited in circumstances in which a bank has been taken wholly or partly into public ownership because it was deemed incapable of trading as solvent or likely to go into administration. The amount of any reduction in pension would depend on the board member's responsibility for the events in question.
Progress through Parliament
- 1st reading Commons 10 Mar 2009
- 2nd reading Commons Current
Source: the official bill page. Last updated 8 Sep 2009.