Wednesday, 11 March 2009

Capping bankers' pensions

Ann Clwyd is having a go, apparently. From Professional Pensions.
Labour MP introduces Bill to cap bankers pensions

Labour MP Ann Clwyd is to introduce a Bill aimed at limiting pensions of bankers working for institutions bailed out by the government.

Clywd will present the Bankers Pensions (Limits) Bill following the Private Member Bill procedure under the 10-minute rule, which is a procedure for backbenchers to introduce a Bill to parliament.

A spokesman confirmed the Bill would "make provision for the pension of board members of banks that are wholly or partly in public ownership to be limited in certain circumstances".

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