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1,161 recent contributions in Hansard
HANSARDPension Schemes Bill [HL]My Lords, on the final point made by the noble Baroness, it is fair to say that our debate last Wednesday gave my colleagues and me considerable food for thought as to the…02 Mar 2020HANSARDPension Schemes Bill [HL]The Government’s vision is for consumers to have access to their own information if they wish, and a multiplicity of ways to achieve that. We believe that more is better in this…02 Mar 2020HANSARDPension Schemes Bill [HL]Scheme providers have been absolutely clear that they are keen for this to happen, mainly because the more exposure that the information has to the particular consumer, the more…02 Mar 2020HANSARDPension Schemes Bill [HL]My noble friend is quite right. The industry delivery group has these matters squarely on its agenda. I can go no further than to say what I have said thus far on his points, but…02 Mar 2020HANSARDPension Schemes Bill [HL]My Lords, the amendments in this group are designed to ensure that consumers are placed at the heart of dashboards and that the Financial Conduct Authority is given responsibility…02 Mar 2020HANSARDPension Schemes Bill [HL]We come back to the question of a liability model. I might as well deal with that now. We set out in the consultation response that we expect the industry delivery group to make…02 Mar 2020HANSARDPension Schemes Bill [HL]I am grateful to my noble friend for raising this important issue. The Government published impact assessments for each measure in the Bill at its introduction. As is usual…02 Mar 2020HANSARDPension Schemes Bill [HL]My Lords, I completely appreciate my noble friend’s desire to ensure that the information on the dashboard is accurate and secure. I absolutely agree that accurate information is…02 Mar 2020HANSARDPension Schemes Bill [HL]I will certainly go away and consider that point, even if “fiduciary” is not the appropriate word, and look in conjunction with my officials at whether there is a mechanism that…02 Mar 2020HANSARDPension Schemes Bill [HL]Yes.02 Mar 2020HANSARDPension Schemes Bill [HL]I believe that to be so but I need to take advice; I will write to the noble Baroness on that point.02 Mar 2020HANSARDPension Schemes Bill [HL]My Lords, I fully appreciate that the noble Baroness is trying to ensure that consumers are properly protected and have confidence in the dashboard infrastructure. Indeed, an…02 Mar 2020HANSARDPension Schemes Bill [HL]That is a very constructive suggestion from my noble friend. I will take it away with me.26 Feb 2020HANSARDPension Schemes Bill [HL]I believe I am right in saying that while your Lordships’ Delegated Powers Committee had some trenchant things to say about the delegated powers in the rest of the Bill, it felt…26 Feb 2020HANSARDPension Schemes Bill [HL]I hear what the noble Baroness says. It is not that the policy is not settled but that the implementation of the policy is not settled. We know broadly what we want to achieve but…26 Feb 2020HANSARDPension Schemes Bill [HL]I say—gently—to my noble friend that I could not disagree more. I cannot see the risks that she has articulated, given all that I have said about putting the necessary consumer…26 Feb 2020HANSARDPension Schemes Bill [HL]My Lords, I thank the noble Baronesses, Lady Drake and Lady Sherlock, my noble friend Lord Young and the noble Lord, Lord Sharkey, for their valuable contributions to a debate on…26 Feb 2020HANSARDPension Schemes Bill [HL]I will come back on a couple of points raised by the noble Baroness. The regulations that would achieve any future changes to the dashboard are subject to consultation and the…26 Feb 2020HANSARDPension Schemes Bill [HL]I was coming to that but I will deal with it now. The Secretary of State for Work and Pensions can institute proceedings for an offence under new Sections 58A and 58B in England…24 Feb 2020HANSARDPension Schemes Bill [HL]It might be helpful to the noble Baroness if I clarify. New Section 58A is intended to capture the concept of wilfulness and new Section 58B the concept of recklessness.24 Feb 2020