Contributions
513 recent contributions in Hansard
HANSARDPension Schemes Bill (Eighth sitting)Amendments 255 and 256 relate to the value-for-money framework timeline that we discussed when we considered clause 41 on Tuesday and are related to Conservative amendment 257,…11 Sept 2025HANSARDPension Schemes Bill (Eighth sitting)I beg to ask leave to withdraw the amendment. Amendment, by leave, withdrawn. Amendments made: 225, in clause 101, page 98, line 24, leave out “after 31 December 2029”. This…11 Sept 2025HANSARDPension Schemes Bill (Seventh sitting)The Opposition support the clauses and welcome the action to legislate formally for defined-benefit superfunds. Securing this in a legislative framework will give trustees and…11 Sept 2025HANSARDPension Schemes Bill (Seventh sitting)I will be incredibly brief. We have heard a number of details from the Minister. Clauses 93 to 96 contain what we believe are sensible and welcome amendments that reflect current…11 Sept 2025HANSARDPension Schemes Bill (Seventh sitting)I am keen to speak to these Liberal Democrat new clauses, because we have a fundamental problem. Research by Pensions UK shows that more than 50% of savers will fail to reach…11 Sept 2025HANSARDPension Schemes Bill (Eighth sitting)The Minister raises an interesting point. We have talked about a lot of different bits and pieces with complexity and all the rest of it. We have not spoken about when we educate…11 Sept 2025HANSARDPension Schemes Bill (Eighth sitting)I beg to move, That the clause be read a Second time.11 Sept 2025HANSARDPension Schemes Bill (Eighth sitting)When we look at the thrust of the Bill, the mandation measure is all about trying to get pension funds to help to create greater productivity within the UK economy. A couple of…11 Sept 2025HANSARDPension Schemes Bill (Eighth sitting)I am partially reassured by the Minister’s comments, but it really comes down to the kindness of my heart—I would not want the hon. Member for Hendon to be pulled off the…11 Sept 2025HANSARDPension Schemes Bill (Eighth sitting)I beg to move, That the clause be read a Second time. Under new clause 37, the review of the impact of the Act would focus on pensions adequacy. The current Government plan to…11 Sept 2025HANSARDPension Schemes Bill (Eighth sitting)We tabled new clause 37 partly to try to get some reassurance from the Minister. Two years is still quite a long time, as is five, but it is incredibly important that we are on…11 Sept 2025HANSARDPension Schemes Bill (Eighth sitting)I beg to move, That the clause be read a Second time. This will be the last new clause I will be talking to. It looks at the guidance on the roles of the Financial Conduct…11 Sept 2025HANSARDPension Schemes Bill (Eighth sitting)I am highly reassured by the Minister’s words. The important point is to ensure that if the bodies are to work together and do this, we need to keep them held to account on it.…11 Sept 2025HANSARDPension Schemes Bill (Eighth sitting)I want to follow on from the two powerful speeches by the Liberal Democrat and SNP spokespeople, the hon. Members for Torbay and for Aberdeen North, in highlighting the fact that…11 Sept 2025HANSARDFinancial Services ReformI also congratulate the hon. Member on her elevation to Economic Secretary to the Treasury; I am sure she will do very well. The UK banking sector provides a valuable service to…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)This is a very uncontentious and highly technical part of the Bill. We have no objections to any of these provisions and so will be supporting them.09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)Again, I have no real comments, apart from to ask the Minister, perhaps when winding up, if he could explain how the Government came to the penalty levels of £10,000 for…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)Perhaps it is exciting for those who enjoy dry reading. We in the Opposition have no objections. Amendment 36 agreed to. Amendments made: 37, in clause 29, page 27, line 30, leave…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)Again, this is all very technical and rather dry.09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)I beg to move amendment 250, in clause 38, page 37, line 12, at end insert “or (c) the relevant Master Trust meets the innovation exemption requirement.”09 Sept 2025