Contributions
147 recent contributions in Hansard
HANSARDOccupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2023I did not want to get up too quickly. I do not want to hold up the closure of the debate on these regulations, but I was disconcerted by the Minister’s response on successors.…13 Feb 2024HANSARDOccupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2023I thank the Minister for setting out the intent of these regulations so clearly and for arranging a briefing session with DWP officials engaged with CDC, who also provided a very…13 Feb 2024HANSARDClimate Risk ModelsMy Lords, the Bank of England’s job is the prudential risk management of the financial system, and it influences the conduct of firms and pension schemes, hence the concern when…25 Jan 2024HANSARDClimate Risk ModelsTo ask His Majesty’s Government what assessment, if any, they have made of the accuracy of climate risk models used by (1) the Bank of England, (2) financial services firms, and…25 Jan 2024HANSARDIntergovernmental Relations Within the United KingdomMy Lords, the noble Earl, Lord Kinnoull, in his excellent speech, set out the history of the evolution of how the UK’s government bodies interact. He concluded with the…18 Jan 2024HANSARDPensions Act 2004 and the Equality Act 2010 (Amendment) (Equal Treatment by Occupational Pension Schemes) Regulations 2023I will need to read very carefully what the Minister said—hopefully it will cover all of the points, but, if not, I will drop him a note.14 Nov 2023HANSARDPensions Act 2004 and the Equality Act 2010 (Amendment) (Equal Treatment by Occupational Pension Schemes) Regulations 2023My Lords, I declare my interests set out in the register as a pension scheme trustee. I welcome these statutory instruments and thank the Minister for the clarity of his…14 Nov 2023HANSARDKing’s SpeechMy Lords, I reference my interests as a trustee in occupational and master trust pension funds. Pension funds have moved up the political agenda, as the Government focus on them…13 Nov 2023HANSARDLord Chancellor and Law Officers (Constitution Committee Report)I thank the Minister for his comprehensive reply. It definitely warrants detailed reading, which I shall do. I share his aspiration to achieve wider understanding of the rule of…20 Jul 2023HANSARDLord Chancellor and Law Officers (Constitution Committee Report)My Lords, in January this year, the Constitution Committee report into the roles of the Lord Chancellor and the law officers was published. All inquiries have their context. Since…20 Jul 2023HANSARDLord Chancellor and Law Officers (Constitution Committee Report)That the Grand Committee takes note of the Report from the Constitution Committee The roles of the Lord Chancellor and the Law Officers .20 Jul 2023HANSARDPensions (Extension of Automatic Enrolment) (No. 2) BillMy point was that the regulator is doing a good job on enforcement, but very young people are quite vulnerable, and I was just saying that it needs a new lens brought to…14 Jul 2023HANSARDPensions (Extension of Automatic Enrolment) (No. 2) BillMy Lords, I congratulate the noble Baroness, Lady Altmann, on sponsoring this Bill. It is in very capable hands. We have heard from her a powerful assembly of the arguments in…14 Jul 2023HANSARDPensions Dashboards (Amendment) Regulations 2023I thank the Minister for so clearly setting out the purpose of the regulations. I enjoyed the reference of the noble Lord, Lord Young, to his previous contribution in the debate…12 Jul 2023HANSARDFinancial Services and Markets BillMy Lords, I declare my interests as trustee of DB and master trusts. I will speak to Amendment 93. Government Amendment 4 is welcome because it recognises the necessary direction…06 Jun 2023HANSARDPension Protection Fund and Occupational Pension Schemes (Levy Ceiling) (No. 2) Order 2023I appreciate that there is a lot out there, but there are three elements: the scope for raising the levy, the compensation levels and the resilience of the PPF over time. Clearly,…26 Apr 2023HANSARDPension Protection Fund and Occupational Pension Schemes (Levy Ceiling) (No. 2) Order 2023My Lords, the PPF provides real support to some 295,000 pension scheme members who have entered it, including through the £1.1 billion paid out in compensation each year. It…26 Apr 2023HANSARDOccupational Pension Schemes (Administration, Investment, Charges and Governance) and Pensions Dashboards (Amendment) Regulations 2023My Lords, I hold pension trustee positions, and refer to my interests as set out in the register. These pension scheme regulations are being introduced for two reasons. First, the…28 Mar 2023HANSARDOccupational Pension Schemes (Administration, Investment, Charges and Governance) and Pensions Dashboards (Amendment) Regulations 2023Trustees cannot make investment decisions now without taking advice. These regulations may be adding a bit of extra detail, but that principle is already there. The department and…28 Mar 2023HANSARDPension Schemes: GuidanceMy Lords, I declare my interest in the register as a trustee. The report raises key questions about fiduciary duty. In summary, we need clearer guidance from the Government on…13 Mar 2023