Contributions
2,622 recent contributions in Hansard
HANSARDFinancial Services Act 2021 (Overseas Funds Regime and Recognition of Parts of Schemes) (Amendment and Modification) Regulations 2024That the Grand Committee do consider the Financial Services Act 2021 (Overseas Funds Regime and Recognition of Parts of Schemes) (Amendment and Modification) Regulations 2024.23 Jan 2024HANSARDPension InvestmentsI would expect the cost to be lower because, on the value for money framework, for example, which the FCA will consult on shortly, we are proposing direct contribution schemes. If…23 Jan 2024HANSARDPension InvestmentsI am grateful to the noble Baroness for raising this issue, about which I had a meeting last week with a number of fund managers. Some felt that the fiduciary duty needs to be…23 Jan 2024HANSARDPension InvestmentsThere are two things about that question. First, having a very large number of pension pots under £1,000—I believe that there are now 4 million—is not a good way to manage…23 Jan 2024HANSARDPension InvestmentsI would be more than happy to take lots of debates on this issue because it is incredibly important, and the Government are making great strides in this area. For example, on…23 Jan 2024HANSARDPension InvestmentsI am not aware of the detail of the amendment to that Bill tabled by the Labour Party, but we are taking a very measured approach to market intervention. It is clear to me that we…23 Jan 2024HANSARDLocal Government Finance Act 1988 (Prescription of Non-Domestic Rating Multipliers) (England) Regulations 2023Once again, I am grateful to noble Lords for sharing their thoughts in this short debate. As ever, the noble Lord, Lord Jones, rightly held the Executive to account. I always…23 Jan 2024HANSARDPension InvestmentsThe Chancellor and indeed the Government have put forward a number of reforms to ensure that we make the UK the best place not only to raise capital but to invest pensions in…23 Jan 2024HANSARDPension InvestmentsMy Lords, the Government are delivering a series of measures to reform pension fund investment, strengthen the UK’s competitive position as a leading financial centre and support…23 Jan 2024HANSARDPension InvestmentsMy noble friend makes the very important point that investment is always about diversification. We need a wide range of projects and vehicles to encourage the UK economy, and some…23 Jan 2024HANSARDFinancial Services Act 2021 (Overseas Funds Regime and Recognition of Parts of Schemes) (Amendment and Modification) Regulations 2024I am grateful to all three noble Lords for their contributions to this brief debate. On the matter of timing, both of the laying of the SI and where things will go in the future,…23 Jan 2024HANSARDLocal Government Finance Act 1988 (Prescription of Non-Domestic Rating Multipliers) (England) Regulations 2023That the Grand Committee do consider the Local Government Finance Act 1988 (Prescription of Non-Domestic Rating Multipliers) (England) Regulations 2023.23 Jan 2024HANSARDLocal Government Finance Act 1988 (Prescription of Non-Domestic Rating Multipliers) (England) Regulations 2023My Lords, although these draft regulations may appear at first sight obscure and technical, they are essential to the smooth functioning of the business rates system for the…23 Jan 2024HANSARDPension InvestmentsI should be delighted to meet with my noble friend to discuss these matters further. The UK has a world-leading investment trust sector representing over £250 billion of assets…23 Jan 2024HANSARDSecuritisation Regulations 2023That the Grand Committee do consider the Securitisation Regulations 2023. Relevant document: 7th Report from the Secondary Legislation Scrutiny Committee10 Jan 2024HANSARDHMRC: Tax ReturnsAs I have said previously, HMRC is prepared for the type of people that may or may not be in the tax system in the future. At the heart of all this is communication. HMRC sends…10 Jan 2024HANSARDNatWest: Account Terminations and Branch ClosuresMy Lords, the Government’s remaining 37% shareholding in NatWest is managed at arm’s length by UK Government Investments. The Government do not intervene in the commercial…10 Jan 2024HANSARDNatWest: Account Terminations and Branch ClosuresNo, I think those comments were very ill advised and I rather wish he had not made them—as I am sure he does. The key to a thriving housing market is ensuring that interest rates…10 Jan 2024HANSARDNatWest: Account Terminations and Branch ClosuresIf I may, I will focus on the second part of the noble Lord’s question around account termination. It is an issue that the Government take incredibly seriously. For absolute…10 Jan 2024HANSARDHMRC: Tax ReturnsMy Lords, HMRC is responsible for collecting income tax, value added tax and a range of other taxes and duties. Tax returns are required to ensure the timely payment of the right…10 Jan 2024