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
May contain errors — check source documents for definitive information.
This Bill would let the pensions of bank board members be limited in certain cases when a bank has been taken into public ownership because it cannot pay its debts or is likely to be wound up. The amount of any pension reduction would depend on how much the board member contributed to the events leading to that situation. It applies to banks that are wholly or partly government-owned.
The bill is at the 2nd reading stage in the House of Commons. It originated in the Commons, with its first reading having taken place on 10 March 2009.
Generated 21 February 2026
10 Mar 2009
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.
