Pressure Mounts on HSBC
In three years, Sharon McGeough-Adams will start receiving her state pension, so she should be looking forward to taking it easy. Instead, she has become one of the central figures in a fight to ensure that pensions from HSBC are not reduced by up to £2,500 a year.
The 62-year-old campaigner started working for Midland Bank, which was subsequently taken over by HSBC, in 1976 and retired in 2013. When she reaches 66 in 2023, she expects that she will be hit with a close to £200 monthly reduction in her company pension because of a practice that enables the bank to reduce some former staff members’ payments.
Article published by The Observer
Written by Rupert Jones 30th Aug 2020