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803 recent contributions in Hansard
HANSARDPension Schemes Bill (Sixth sitting)In cases where trustees or managers of a relevant scheme have determined that it is not reasonably practical to provide a solution themselves, or that better member outcomes could…09 Sept 2025HANSARDTopical QuestionsOver 90% of Scotch is exported and is therefore not affected by the measures that the hon. Member has just mentioned, but it will be affected by being the biggest beneficiary of…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)It is a pleasure to serve under you today, Ms McVey. We recommence our consideration of the small pots part of the Bill. I thank all Members for their engagement during the…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)I beg to move amendment 53, in clause 38, page 35, leave out lines 35 and 36. This amendment is consequential on Amendment 129.09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)I thank the hon. Members for Wyre Forest and for Aberdeen North. The main question raised is about the level of the fines. To provide some context, the answer is yes—that would…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)Clause 30 seeks to ensure that the rules and conditions set by the regulations are, in practice, followed. These regulations can allow the Pensions Regulator to issue three types…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I beg to move amendment 127, in clause 38, page 45, line 31, at end insert— “28G Risk notices (1) The Regulatory Authority (‘the Authority’) may give a risk notice to the trustees…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)I thank the hon. Member for Torbay for tabling the amendment. The Government share his commitment to ensuring that the pot limit remains appropriate. As we have just heard, it is…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)It’s very exciting!09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)I thank hon. Members for their reflections. I agree with the sentiment of what everybody has put forward, including the hon. Member for Mid Leicestershire—apart from his…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I beg to move amendment 134 in clause 39, page 46, line 36, after “2008” insert— “in relation to the scale requirement in section 28B or the asset allocation requirement in…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)The clause provides the flexibility, as I have just said, to increase or decrease the threshold without requiring new primary legislation, enabling the Government to move quickly…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)We now come to the contractual override part of the Bill. This group of amendments expands the scope of clause 41 to apply to Northern Ireland pension schemes. Just like in Great…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I beg to move amendment 138, in clause 39, page 47, line 32, at end insert— “ 12B Scale requirement (1) The Secretary of State may by regulations make provision about how the…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)Point noted. Amendment 127 agreed to. Amendments made: 128, in clause 38, page 45, line 31, at end insert— “28H Penalties (1) Regulations may make provision about the imposition…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)As amended, the clause introduces consequential amendments relating to clause 38 to ensure that the changes needed for the asset allocation and scale measures appropriately wire…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)Noted. Amendment 117 agreed to. Amendments made: 118, in clause 38, page 45, line 9, at end insert— “(1A) The Secretary of State must make regulations under subsection (1) so that…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)I thank the hon. Member for that comment. The nature of every piece of legislation means that a future Government can take a different decision. Thanks for the reminder of the…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)Clause 29 will make the small pot consolidation framework work in practice, through allowing the small pots regulations to cover a range of operational, administrative, data…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I thank the hon. Lady for that question. There is not a formal requirement on the Secretary of State to carry out a review as we are going. My honest view is that any regulator…09 Sept 2025