If you have defined benefits in the Scheme, you will want to know that they can be paid as and when they are due.
Today, HSBC Bank Pension Trust (UK) Ltd (“the Trustee”) has announced that it has taken an important step to enhance the security of benefits for members.
More about your pension
Your pension is reviewed on an annual basis and we will write to you with details of any increase to be applied (in January) each December.
If you die, what happens to your DB pension savings will depend on your membership category. For further information on this please contact the Administrators. Even as a pensioner member, it’s important to make sure you keep your beneficiaries’ details up to date.
Any consideration of a divorcing couple’s assets usually includes pension rights. Our HSBC Administration Team can help if you want more information. Remember to update your personal details if you’re getting divorced or dissolving your civil partnership. You should also make sure your details are up to date on the My Beneficiaries page in My Pension.