Contributions
607 recent contributions in Hansard
HANSARDPension Schemes BillI have a couple of questions. I must confess that these stem from previous occasions when promises to be at least as good do not appear to have happened, as in the AEA transfer. I…05 Feb 2026HANSARDPension Schemes BillI thank noble Lords who spoke. I freely admit that they know more than I do about these aspects, so I am glad that the conversation has started. I understand that this might bring…05 Feb 2026HANSARDPension Schemes BillMy Lords, this Bill is removing the requirement for the Pension Protection Fund to charge a levy each year, and the PPF has said for some time that there will not be one this…05 Feb 2026HANSARDPension Schemes BillI welcome the noble Lord, Lord Pitt-Watson, to the Committee. His comments have inspired me to make a very small intervention. It is true that there is a lot of index investment,…05 Feb 2026HANSARDPension Schemes Bill05 Feb 2026HANSARDPension Schemes BillI have not intervened on this group because I have not really delved into it. I wonder whether the Minister will go into some of the points she is making. Obviously, there are…03 Feb 2026HANSARDPension Schemes BillIf this is such a good idea, why not just mandate it for all pension funds?03 Feb 2026HANSARDPension Schemes BillMy Lords, I support the general issues that the noble Baroness, Lady Noakes, has raised. Of course, if this whole clause were deleted, the amendment that I am seeking in addition…03 Feb 2026HANSARDPension Schemes BillI do not think I was suggesting that it was an anti-competitive move by the pensions industry, but there are segments in it that are advantaged by it. The other concern is that…03 Feb 2026HANSARDPension Schemes BillI appreciate that the response was prepared on the basis of the wording, and I accept that my “evidence” wording was a marker. But will the Minister please look up what the legal…03 Feb 2026HANSARDPension Schemes BillMy Lords, everyone—apart from insurers, perhaps, who prefer buyout and the regulatory cash bonus it brings them—is in favour of superfunds. They should improve member benefit…03 Feb 2026HANSARDPension Schemes BillMy Lords, Amendment 111A would add the words “as determined by the underlying assets in any structure or fund” after “qualifying assets” in new Section 28C(1). Its purpose is…26 Jan 2026HANSARDPension Schemes Bill26 Jan 2026HANSARDPension Schemes BillMay I intervene so that I do not have to take up time later? I cannot see the difference between the follow-on funding that you get with a listed investment company, if you have…26 Jan 2026HANSARDPension Schemes BillMy Lords, I thank all noble Lords who have participated in this debate; I also thank the Minister for, from my perspective, attempting to defend the indefensible. The Minister…26 Jan 2026HANSARDPension Schemes BillI have only two more lines. I will just remind noble Lords that there are simple ways to make this fair and reasonable, as spoken to by the noble Baroness, Lady Altmann. These…26 Jan 2026HANSARDPension Schemes BillI am not sure that “directly held” applies to an LTAF either. The fact is that you have wrappers and underlying assets. It is discriminatory, and that should be tested. I still do…26 Jan 2026HANSARDPension Schemes BillMy Lords, I have several amendments in this group: Amendments 154, 157, 158 and 159, which I will not say much about because I am fishing in the same pond as everybody else. If…26 Jan 2026HANSARDPension Schemes BillMy Lords, I will speak to Amendments 146 to 150. This group of amendments is all about trustees. Although I submit that nothing in this Bill should unsettle the basic foundation…26 Jan 2026HANSARDPension Schemes BillMy Lords, it falls to me to do the summation as a stand-in. I thank the Minister for her comprehensive reply. I wish I could speak that fast. It answered quite a lot of the points…22 Jan 2026