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.
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.
House of Commons
8 September 2009
The Bankers' Pensions (Limits) Bill would allow the pensions of bank board members to be capped in certain situations where a bank has been nationalised or partly nationalised because it could not operate safely or was at risk of entering administration. The amount of any pension reduction would depend on how much a board member was responsible for the events leading to the public ownership.
The bill is currently at the second reading in the House of Commons, having originated in the Commons.
Generated 21 February 2026
On 10 March, the House of Commons was asked, under the Ten Minute Rule motion, to give leave for this Bill to be introduced. The sponsor was allowed 10 minutes to support the Bill and there was ten minutes for other MPs to comment. The House agreed and the Bill was read a first time.
This Bill was on the Order Paper for a Second Reading on several Fridays before being dropped by its sponsor, Ann Clwyd.
No recorded votes for this bill yet.
