Contributions
803 recent contributions in Hansard
HANSARDRegional Economic Growth: Pension FundsI thank the hon. Member for his question. I agree with where he started, but unfortunately he then went on to praise some of the work done under the last Government, when we did…04 Nov 2025HANSARDRegional Economic Growth: Pension FundsThe LGPS actually has a strong track record of local investment of exactly the kind that my hon. Friend mentions, including in social housing, and we want to build on that record.…04 Nov 2025HANSARDRegional Economic Growth: Pension FundsAt the heart of this Government’s pension reforms is the goal of bigger and better pension schemes. We are legislating for that in the Pension Schemes Bill by requiring all local…04 Nov 2025HANSARDIndexation of Pension RightsI obviously recognise the challenges facing those without inflation protection, particularly after the cost of living pressures of recent years, and I think that recognition is…27 Oct 2025HANSARDIndexation of Pension RightsI absolutely recognise the issue that my hon. Friend has raised: any of us in that situation would want those pension increases to continue. She is aware of the legal background,…27 Oct 2025HANSARDIndexation of Pension RightsThe hon. Lady has mentioned a specific company, although a small number of others are in the same position. I am sure that not only the people running that company but the…27 Oct 2025HANSARDTopical QuestionsThe previous Minister for Pensions met representatives of the WASPI campaign in order to hear directly from them about their experiences. She was the first Minister to do so in…27 Oct 2025HANSARDTopical QuestionsI thank the hon. Lady for her question. In general, lots of life could do with less “computer says no”, so on that basis we will agree. On the specifics of the question she raises…27 Oct 2025HANSARDTopical QuestionsI am not absolutely clear whether the particular case that the hon. Gentleman is raising relates to people within the Pension Protection Fund and the financial assistance scheme…27 Oct 2025HANSARDWork and PensionsThe clause amends the onboarding conditions in these instances, to allow trustees of a scheme in PPF assessment to seek to secure their liabilities with a superfund at less than…27 Oct 2025HANSARDWork and PensionsBased on the evidence from the PPF’s purple book, we anticipate that five to 10 so-called PPF-plus schemes on average each year could benefit .27 Oct 2025HANSARDWork and PensionsSeveral hon. Members have said, absolutely rightly, that access to financial advice fell in the aftermath of the reforms over a decade ago, but there is some better news on…27 Oct 2025HANSARDWork and PensionsThere is a lot of overlap between what those systems of guidance are providing and the measures in new clause 1.27 Oct 2025HANSARDPension Schemes Bill (Seventh sitting)I beg to move amendment 215, in clause 58, page 68, line 1, at beginning insert “that it is reasonable to expect”. This amendment adjusts the onboarding condition in relation to…11 Sept 2025HANSARDPension Schemes Bill (Seventh sitting)We now come to the clauses relating to information and reporting requirements for superfunds. Clause 73 requires the trustees of a superfund to notify the Pensions Regulator if…11 Sept 2025HANSARDPension Schemes Bill (Seventh sitting)Amendment 215 simply clarifies the policy intent behind the clause. It reflects the reality that pension schemes’ funding is fluid and difficult to predict. Amendment 216 makes…11 Sept 2025HANSARDPension Schemes Bill (Seventh sitting)This is an important clause whose role is to set out the criteria for the Pensions Regulator to approve each transfer to a superfund, having dealt with the authorisation of…11 Sept 2025HANSARDPension Schemes Bill (Seventh sitting)The first reassurance I can give is that this part of the Bill requires only one regulatory framework, because it all sits within the Pensions Regulator and within the defined…11 Sept 2025HANSARDPension Schemes Bill (Seventh sitting)Just to clarify, there is significant support from the industry for clause 59 in general terms. This is in part because of the successful rescue of the Debenhams pension scheme…11 Sept 2025HANSARDPension Schemes Bill (Seventh sitting)One of the new features of a superfund regime is that there is a responsible body for the superfund that carries out key parts of its operations. Clause 61 sets out a clear…11 Sept 2025