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803 recent contributions in Hansard
HANSARDPension Schemes Bill (Sixth sitting)The purpose of the clause is to help improve pension engagement so that individuals can make better decisions themselves if they want to do so. As I said earlier, this is about…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I beg to move amendment 177, in clause 44, page 58, leave out line 2 and insert “Where only one pension benefit solution is available to the members of a relevant scheme,”. This…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I beg to move amendment 209, in clause 46, page 60, line 36, leave out subsection (4). This amendment leaves out a penalty provision that government amendments to Clause 47 would…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)This clause is the one most relevant to the Liberal Democrat amendment 279 that we discussed earlier, because it requires trustees or managers of relevant pension schemes to…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I beg to move amendment 203, in clause 46, page 60, line 8, leave out “default”. This amendment ensures that clause 46 operates in respect of qualifying pension benefit solutions…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I beg to move amendment 161, in clause 43, page 57, line 1, leave out “and willing” and insert “to and agrees”. This amendment is consequential on Amendment 174.09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)We have now reached clause 43—the clause that deals with the situation I mentioned briefly earlier, which is where a scheme thinks that it is in the best interests of its members…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I beg to move amendment 156, in clause 43, page 56, line 29, leave out— “a member of the scheme” and insert— “eligible members of the scheme (whether comprising the members of the…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)We now turn to clause 50, the last clause in this part of the Bill. The overriding objective of this clause, together with amendment 214, is to make corresponding provision in…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)The direct answer is that, yes, the amendment comes from discussions with regulators, to make sure that the flow of information is sufficient to live up to Parliament’s intent and…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I beg to move amendment 107, in clause 38, page 43, line 9, at end insert— “28CA Information (1) Regulations may make provision about information that the trustees or managers of…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I beg to move amendment 214, in clause 50, page 62, line 33, leave out from beginning to end of line 8 on page 63 and insert— “ 137FBD FCA general rules: guided retirement (1) The…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)Before I come to the detail of the amendment, I should re-emphasise the point made by my hon. Friend the Member for Tamworth about the volume of amendments to clause 38 in…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I will not speak for long. The hon. Member is absolutely right to say that defined-benefit schemes have been material buyers of gilts over a long period. The market is perhaps…09 Sept 2025HANSARDPension Schemes Bill (Fifth sitting)I will be brief. The link between the definition of a main scale default arrangement and the common investment strategy is key to ensuring that the scale requirements apply to the…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)I will start with the Government amendments and then turn to new clause 32. The amendments relate to proposed new section 28C and specify more detail about the role of the…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 (Sixth sitting)I beg to move amendment 98, in clause 38, page 42, line 12, leave out “relevant Master Trusts or” and insert— “the trustees or managers of relevant Master Trusts or the providers…09 Sept 2025HANSARDPension Schemes Bill (Sixth sitting)It is wonderful to have you in the Chair, Ms Butler. Amendments 92 to 96 are minor amendments that clarify that any asset allocation percentage requirements should be calculated…09 Sept 2025HANSARDPension Schemes Bill (Third sitting)I beg to move amendment 7, in clause 1, page 1, line 6, leave out “for England and Wales”. The amendment would secure that Clause 1 applies to a pension scheme for local…04 Sept 2025