British National (Overseas): Mandatory Provident Fund
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if he will issue guidance to (a) HSBC and (b) Standard Chartered on ensuring that British National (Overseas) passports are valid documents for Hong Kongers to use to secure early withdrawals of their Mandatory Provident Fund savings after permanently leaving Hong Kong.
Answered by Catherine West
We are aware of the concerning reports that individuals who have chosen to take up the BN(O) visa route are having difficulties in the early drawing down of their Hong Kong MPF savings. We deeply value the UK's growing Hong Kong community and will address their concerns where we can. Whilst documentary requirements for withdrawing funds are a matter for the Hong Kong authorities, officials continue to raise this issue directly with the Hong Kong Government to encourage a pragmatic solution, and UK officials and Ministers continue to discuss the matter with the banks.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →