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HANSARDPensions Dashboards (Amendment) Regulations 2023That the Grand Committee do consider the Pensions Dashboards (Amendment) Regulations 2023. Relevant document: 44th Report from the Secondary Legislation Scrutiny Committee…12 Jul 2023HANSARDPensions Dashboards (Amendment) Regulations 2023My Lords, I am pleased to introduce this statutory instrument, which, subject to approval, will make amendments to the Pensions Dashboards Regulations 2022. The instrument removes…12 Jul 2023HANSARDPensions Dashboards (Amendment) Regulations 2023My Lords, I thank the Committee for its broad approval for these regulations. I start by making the point that it was helpful to hear from the noble Baroness, Lady Drake, who is…12 Jul 2023HANSARDPensions Dashboards (Amendment) Regulations 2023The answer is yes, eventually, but I will need to write to my noble friend to qualify what I mean by that. That is the aim and it makes sense, but I cannot say that it will be by…12 Jul 2023HANSARDPension Funds: Investments and Tax ReliefMy Lords, the Government have introduced legislation and published guidance alongside the TCFD requirements to help pension schemes improve the quality of governance and manage…29 Jun 2023HANSARDPension Funds: Investments and Tax ReliefThe noble Lord makes an important point about defined benefit schemes, which he will know are still maturing, with decreasing numbers of active contributing members and increasing…29 Jun 2023HANSARDPension Funds: Investments and Tax ReliefI hope I can answer a number of the points that my noble friend made. On her general push, she is right: there is a lot more we need to do to encourage pension funds to invest in…29 Jun 2023HANSARDPension Funds: Investments and Tax ReliefNo, I cannot, but I can say that the introduction of TCFD reporting requirements for pension schemes was pioneering. We are a leader in this field. As I say, these regulations are…29 Jun 2023HANSARDPension Funds: Investments and Tax ReliefI do not know about manipulation of pension funds, but I can say that there are strong fiduciary duties on trustees. The noble Lord will know that in the green finance strategy,…29 Jun 2023HANSARDPension Funds: Investments and Tax ReliefWe are not unaware of this. We have carefully considered the balance between the burden of reporting requirements for trustees on climate risk and the need for urgent action in…29 Jun 2023HANSARDPension Funds: Investments and Tax ReliefI would hope that parliamentarians have a role in this; I shall certainly get back to the noble Baroness on that point. As she will know, guidance states that trustees can…29 Jun 2023HANSARDPension Funds: Investments and Tax ReliefI know that my noble friend is extremely active in this area, and I reassure him that we continue to encourage pension schemes to commit to net zero in a way that works for them.…29 Jun 2023HANSARDPension Funds: Investments and Tax ReliefWell, indeed. There is a point of contact, which may be helpful for the noble Baroness, called the UK National Contact Point, which is part of the Department for Business and…29 Jun 2023HANSARDCost of Living SupportI hope I can help the noble Lord. As I have already mentioned, inflation really is one of the Prime Minister’s key priorities. He has made it clear, as we have, that reducing…22 Jun 2023HANSARDCost of Living SupportWe keep it under review, but we are not looking at that at the moment. I understand the point that the noble Baroness makes about the LHA, but she will know that we have the…22 Jun 2023HANSARDCost of Living SupportI think the noble Lord made three points altogether. I can only reiterate that I am aware of the impact on households, particularly those at the vulnerable end of society. I have…22 Jun 2023HANSARDCost of Living SupportI certainly note what the noble Baroness has said. I have mentioned already that the Chancellor is meeting the banks. I do not want to pre-empt the outcome of those discussions.…22 Jun 2023HANSARDCost of Living SupportMy noble friend makes a good point about childcare, and the House will be aware of the announcements that were made recently. We are determined to support as many families as…22 Jun 2023HANSARDCost of Living SupportWe have already taken a number of initiatives, which the right reverend Prelate will be aware of, to look at poverty. As I say, this is a particularly difficult time. Although I…22 Jun 2023HANSARDCost of Living SupportAs I said earlier, the £150 should be taken at face value, and I think I made the point that there are a number of other initiatives to help those who are disabled. It is…22 Jun 2023