Information Centre

Changes to the Lifetime Allowance from 06 April 2024 

From 06 April 2024 there will be some changes to the lifetime allowance.

The HSBC Bank (UK) Pension Scheme incorporates private markets into its defined contribution (DC) assets 

The HSBC Bank (UK) Pension Scheme (the “Scheme”), one of the largest corporate pension schemes in the UK, has today announced its commitment to incorporate private markets into its DC default investment strategies.

Your 2024 Pension Increase letter on the Equiniti online portal, Member Self Service (MSS) 

Your annual pension increase letter will be issued by the end of December. If you have elected to receive electronic communications, the letter will be available to view on MSS.

Pension Increases 2024 

In July, the Trustee wrote to the Bank to propose that the Bank agree to grant a discretionary pension increase for pensioner members with effect from January 2024.