Pension Schemes Bill

It is good to see a packed House for this vital pensions Bill. The amendments are in two groups t...

May I invite the Minister to apologise to the Chamber? I estimate that on Report there are 33 new...

I am encouraged by the fact that the hon. Gentleman and his friends in opposition have not tabled...

I am beginning to see why my hon. Friend the Member for Edmonton (Mr Love) raised the question of...

I am not sure that I follow the hon. Gentleman’s reasoning. The thing that would cost money would...

Before the Minister sits down, will he tell the House whether steps are being taken within his De...

I am grateful to my right hon. Friend. The Bill was originally much shorter and obtaining the app...

Given the current cost of living crisis, it is certainly the case that people struggling to set a...

I have listened to the right hon. Gentleman’s critique of all the new clauses coming forward at t...

As the hon. Gentleman is well aware, we have not tabled amendments on Report. Of course, we debat...

I shall not detain the House for long, but the right hon. Gentleman asked a couple of specific qu...

I beg to move, That the clause be read a Second time.

With this it will be convenient to discuss the following:

Government new clause 8—Power to ...

I am not sure whether the House will be thrilled to know that I have a slightly fuller note on th...

Will “appropriate independent advice” include consideration of financial assets other than define...

The issue that my hon. Friend has raised is covered by amendment 73, tabled by our hon. Friend th...

The Minister rightly talks about the safeguards introduced for people who want to transfer from D...

The hon. Gentleman raises an important point. Our first strategy is to ensure that the guidance g...

I apologise to the Minister for asking this now. He was going at such a pace that I did not catch...

Obviously, that issue is not spelled out in the Bill, but it is important none the less. What we ...

We are now embarking on a debate of 27 Government new clauses, 40 new Government amendments and—p...

I am interested in the issue because two highly innovative companies in my constituency, Partners...

We welcomed the new flexibility that is being provided. I hope the guidance that we are legislati...

The Minister alluded to discussions taking place between the Department and the FCA, but the form...

I fear my hon. Friend is right. If in practice only a tiny proportion of people, or even a modest...

The right hon. Gentleman raises an issue that may not technically arise from the amendments that ...

That is a good question. I do not have a proposition to make. I would hope that those who are ref...

The right hon. Gentleman is being very generous and Madam Deputy Speaker is indulging us gently s...

I am grateful to the hon. Gentleman. I hope that those who follow these debates will take that as...

I am delighted to follow the right hon. Member for East Ham (Stephen Timms) and to know that I ha...

My hon. Friend is making some good points on an important issue, but does he agree that the provi...

My hon. Friend is absolutely right. That is the market in which Just Retirement and Partnership, ...

Some Opposition members of the Bill Committee raised concerns about guidance, but does my hon. Fr...

That was the exact result of the paternalistic way in which we legislated to require annuities. F...

There is a clear—well, not so clear—dividing line between generic advice and product-specific adv...

I am trying to suggest what is in the amendment:

“Individuals delivering the pensions guida...

It is an interesting point, and I am sure my hon. Friend would agree that the difficulty in the w...

Everybody’s position will be different. There will be people with small pensions sitting in quite...

I have been reflecting on the wording of the amendment and the use of the word “must”. Had adequa...

Those would be matters for the FCA. It would regulate the guidance and say how it should be imple...

I will be very brief in my support of the amendment that stands in my name and the name of my hon...

This has been a helpful debate covering a wide range of issues. I shall address the questions rai...

I would be grateful if the Minister got it across to his Treasury colleagues that this is not jus...

I can perhaps distinguish between the specification by the Government and the Financial Conduct A...

There is a different set of issues, arising particularly out of EU Solvency II, but there is the ...

I am very happy to relay to the Exchequer Secretary that my hon. Friend is seeking such a meeting...

Will the Government consult on this, as they have consulted everyone on aspects of reform?

...

This is in response to a consultation. During the consultation, one of the issues raised was abou...

I am grateful to the Minister for giving way and for the thorough way in which he is responding. ...

I am aware that our conversations are occasionally listened into by lawyers, so I am reluctant on...

Will the Minister accept that it is pretty unsatisfactory for the Bill to go through both Houses ...

No, I would not accept that. The right hon. Gentleman will know, from having taken quite a few Bi...

The right hon. Gentleman is pressing my memory with that, but my understanding of what is general...

I do not agree that it is either unusual or unsatisfactory. It is clearly important that the Hous...

The Minister talks about the lawyers not taking Christmas holidays. We are almost in December, so...

I think that the grouping of the amendments means that we are muddying together two completely se...

I am grateful to my right hon. Friend for his answers. There will obviously be an ongoing debate ...

I am grateful to my hon. Friend and my right hon. Friend the Member for Sutton and Cheam for tabl...

I beg to move, That the Bill be now read the Third time.

Together with the Taxation of Pens...

It would appear that the defined ambition scheme has been created to attract employers who have d...

Our view is that the shared risk space will suit firms coming from either direction: from DB or D...

The cost of living crisis underlines the need for people in work who are struggling to set money ...

I think there is a danger of the right hon. Gentleman overdoing this a bit. A lot of the regulato...

That is helpful, and I am grateful to the right hon. Gentleman, but I was making the point that, ...