Long title
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.
Summary
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.
Sponsor
Current version of the Bill
Bill passage
Key