Contributions
607 recent contributions in Hansard
HANSARDLondon Stock Exchange: Decline in UK FundsMy Lords, when the Government chose not to follow the overwhelming response calling to exempt listed investment companies, otherwise known as listed funds, from consumer…13 Feb 2025HANSARDPension Fund ReliefsIs the Minister aware that the resumption of investment flows into investment trusts requires investor confidence, including from pension funds, that the future regime will not…04 Feb 2025HANSARDStock Market: First-time InvestorsMy Lords, I declare my interest as a director of the London Stock Exchange. I commend my noble friend Lord Lee of Trafford for securing this debate and for his enlightened vision…03 Feb 2025HANSARDFinancial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2024My Lords, first I declare my interests in financial services, as in the register—just in case. I will speak to the Financial Services and Markets Act 2000 (Designated Activities)…17 Dec 2024HANSARDListed Investment Companies (Classification etc) Bill [HL]That the Bill do now pass.13 Dec 2024HANSARDListed Investment Companies (Classification etc) Bill [HL]My Lords, I wish to make a few thanks and remarks, but first I must declare my interest as a director of the London Stock Exchange and as a long-term investor in listed investment…13 Dec 2024HANSARDListed Investment Companies (Classification etc) Bill [HL]That the order of commitment be discharged.02 Dec 2024HANSARDListed Investment Companies (Classification etc) Bill [HL]My Lords, I understand that no amendments have been set down to this Bill and that no noble Lord has indicated a wish to move a manuscript amendment or to speak in Committee.…02 Dec 2024HANSARDListed Investment Companies (Classification etc) Bill [HL]That the Bill be now read a second time.15 Nov 2024HANSARDListed Investment Companies (Classification etc) Bill [HL]My Lords, for the record, I declare my interest as a non-executive director of the London Stock Exchange. My Bill requires regulators to recognise the inherent characteristics of…15 Nov 2024HANSARDListed Investment Companies (Classification etc) Bill [HL]My Lords, I thank those noble Lords who have spoken in favour of the Bill. I welcome the proposal of the noble Lord, Lord Hodgson: that I phone up the Chancellor and explain how…15 Nov 2024HANSARDPackaged Retail and Insurance-based Investment Products (Retail Disclosure) (Amendment) Regulations 2024My Lords, I shall speak mainly to the instruments on listed investment companies. I first raised this issue in the House on 6 June last year, attempting to make an amendment…13 Nov 2024HANSARDPackaged Retail and Insurance-based Investment Products (Retail Disclosure) (Amendment) Regulations 2024I recognise that the Minister is saying that, ideally, the Government and the regulator have done what they could and industry should follow. Of the two, the Government have been…13 Nov 2024HANSARDPackaged Retail and Insurance-based Investment Products (Retail Disclosure) (Amendment) Regulations 2024That is the whole problem. If you purchase investment trust shares, the price is set by the market. Obviously, the underlying investments in some way reflect up into it, but the…13 Nov 2024HANSARDPackaged Retail and Insurance-based Investment Products (Retail Disclosure) (Amendment) Regulations 2024I am sorry to interrupt again. I can accept that the EMT is an industry standard; strangely, the open-ended funds sector organisation designed it. However, if the result of…13 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I also thank the officials and other noble Lords, the Minister and, notable among those who did most of the heavy lifting, the noble Lord, Lord Vaux, and the noble…12 Nov 2024HANSARDAutumn Budget 2024My Lords, the Government are hoping to launch innovative companies into exports, growth and wealth creation. Unfortunately, that will not happen without fair procurement and…11 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]04 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I think that everything that needs to be said about these amendments has probably already been said. I have added my name where I could; one came in very late, so I…04 Nov 2024HANSARDBank Resolution (Recapitalisation) Bill [HL]My Lords, I concur with what other noble Lords have said about this amendment: that is why I have added my name. It cannot be left as a possibility for any size of bank; if it…04 Nov 2024