Contributions
292 recent contributions in Hansard
HANSARDPension Schemes Bill (Fourth sitting)I thank the Minister for his response—04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)I rise to support what my hon. Friend the Member for Torbay said. As has been emphasised, we are not talking about making things mandatory. It is about making things possible,…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)I thank the Minister for his reply, and I thank hon. Members for their contributions. One thing we all absolutely agree on is the importance and centrality of this issue. If there…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)I beg to move amendment 3, in clause 9, page 9, line 4, at end insert— “(e) about the proportion of any surplus that may be allocated, or the manner in which it may be determined,…04 Sept 2025HANSARDPension Schemes Bill (Third sitting)I thank the Minister for his comments. Over the coming weeks, as he will be aware, we will be discussing several amendments that relate to the same issue. It will be interesting…04 Sept 2025HANSARDPension Schemes Bill (Third sitting)The purpose of amendment 5 is to ensure that regulations take account of the particular circumstances of occupational pension schemes that were established before the Pensions Act…04 Sept 2025HANSARDPension Schemes Bill (Third sitting)I beg to move amendment 5, in clause 9, page 8, line 18, at end insert— “(2AA) Without prejudice to the generality of subsection (2A), regulations made under that subsection must…04 Sept 2025HANSARD Hospitality SectorThis morning I received a letter from Kelly Mariner, the manager of an independent coffee shop in my constituency of Horsham. She said: “Since the last Budget I have been unable…03 Sept 2025HANSARDPension Schemes Bill (Second sitting)Q Earlier, you were touching on possible investments in local matters, such as affordable housing, which have a strong and desirable social benefit. Could it not be argued that…02 Sept 2025HANSARDPension Schemes Bill (Second sitting)Q Pension scheme funding ladders can go up, and they largely have done in recent years, but also they can go down. Do you think that the proposals and the framework in this Bill…02 Sept 2025HANSARDPension Schemes Bill (Second sitting)Q Auto-enrolment is a great success story. It has certainly got lots more people investing in a pension than would have done otherwise. However, the fact remains that large…02 Sept 2025HANSARDPension Schemes Bill (First sitting)Q Do you think that the proposed value for money framework could have the unintended effect of causing excess caution or short-termism in investment decisions? If so, what…02 Sept 2025HANSARDPension Schemes Bill (First sitting)Q From your perspective, what would be the main obstacles or difficulties in fulfilling the value for money requirement in the Bill? Dale Critchley: From a practical perspective,…02 Sept 2025HANSARDPension Schemes Bill (First sitting)Q Do you think there is evidence that fiduciary duties are not interpreted in a way that optimises outcomes for pensions savers? If so, would you support any change in legislation…02 Sept 2025HANSARDPension Schemes Bill (First sitting)Q Do you think that the finance industry has a clear understanding of how to apply its fiduciary duty? Do you think the Bill makes that clearer or muddies the waters, or somewhere…02 Sept 2025HANSARDPension Schemes Bill (Second sitting)I think you have answered all my questions already. We have tabled an amendment, and I would really appreciate your input on whether we could improve it or argue around it between…02 Sept 2025HANSARDPension Schemes Bill (Second sitting)Q So to summarise, you approve of the attempt to take control, as it were. William Wright: Absolutely. One of the huge challenges in the UK pensions debate over the past 25 or 30…02 Sept 2025HANSARDPension Schemes Bill (Second sitting)Q The Bill makes the notion of using pension money for macroeconomic benefit—investment in the UK—an explicit objective. Other countries seem to have done this already. Did they…02 Sept 2025HANSARDPension Schemes Bill (Second sitting)Q But would you agree that that could have very stable returns—say a 5% return for affordable housing, or for a care home—because effectively the customers are also coming via the…02 Sept 2025HANSARDPension Schemes Bill (Second sitting)Q The DWP argues that the funds are on the public balance sheet and therefore they object to using them for this purpose. Do you think that is fair, given that the funds were not…02 Sept 2025