Contributions
513 recent contributions in Hansard
HANSARDPension Schemes Bill (Fourth sitting)Sir Christopher, I am happy to proceed in order to get things moving. Question put, That the amendment be made.04 Sept 2025HANSARDPension Schemes Bill (Third sitting)I will not take up too much of the Committee’s time, but suffice it to say that we all heard the evidence that was presented on Tuesday, and we in the Conservative party agree…04 Sept 2025HANSARDPension Schemes Bill (Third sitting)In the interest of speed, I will not speak to these amendments, other than to say that we have no objection to them.04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)As we have heard, the amendment authorises the use of surplus pension funds to contribute to the provision of free, impartial pension advice and guidance services to scheme…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)Conservative amendment 258 would ensure that all regulations made under proposed new section 37(2A) of the Pensions Act 1995, which governs surplus payments from defined-benefit…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)These are not amendments that we feel particularly inclined to support. They would require pension fund managers to make, publish and keep under review data to show that their…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)I beg to move amendment 254, in clause 10, page 10, line 20, at end insert— “(2A) Value for money regulations must require responsible trustees and managers to make an assessment…04 Sept 2025HANSARDPension Schemes Bill (Third sitting)It is great to be starting what I hope will be quite a quick canter through today’s work, Sir Christopher. The Opposition welcome the broad grain of this entire Bill; it seeks to…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)That is a very good question. Ultimately it means, “What is the performance of the fund?” Members’ best interests can include a lot of different things, but ultimately we need to…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)I thank the Minister for a great effort—“spot on”, maybe, but we still feel inclined to press the amendment to a vote. That is important, even though we know that, rather…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)This seems like a very technical clause, and we certainly have no objections to it. I also have no doubt that we will not be voting against the Government amendment. I think we…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)Clause 12 seems fairly reasonable in its approach. Liberal Democrat new clause 42 seems in the broadest sense to follow our amendment 254 in respect of the Australian model;…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)We are very happy with this measure. One of the important points, which has been made on a number of occasions, is to do with the wider financial education piece. One would hope…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)In a broad sense, we are very happy to support the clause. There are, though, a number of issues, and the point about benchmarking and what performance is being valued against can…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)My hon. Friend makes an incredibly important point. The story that the Liberal Democrat spokesman, the hon. Member for Torbay, told about his father is the most important point…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)Broadly, we welcome clause 20, which builds on important work that was started under the previous Government to address the issue of small, dormant pension pots. This is a…04 Sept 2025HANSARDPension Schemes Bill (Third sitting)I thank the Minister for his comments. We agree that the law needs to be updated to reflect current circumstances, and it makes sense to ensure that companies that have not made…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)Forty-third! He looks 28. None the less, I hope he is getting plenty of pension advice; who knows when he may need it? This is a very good provision. The more informed people are…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)I beg to move amendment 259, clause 20, page 21, line 23, leave out from “procedure” to end of line 29 This amendment would make all regulations on consolidation of small dormant…04 Sept 2025HANSARDPension Schemes Bill (Fourth sitting)I beg to ask leave to withdraw the amendment. Amendment, by leave, withdrawn . Question proposed, That the clause stand part of the Bill.04 Sept 2025