UK Parliament / Open data

Pension Schemes Bill

Debate on bills on Tuesday, 27 January 2015, in the House of Lords, led by Lord Newby and Lord Bourne of Aberystwyth.
Lords report stage. (Part 2 of 2.) Bill, as amended, ordered to be printed (HL Bill 90).
Type
Parliamentary proceeding
Reference
759 cc131-175 
Session
2014-15
Legislative stage
Report stage
Procedure
New clauses
Chamber / Committee
House of Lords chamber
Pension Schemes Bill 2014-15. As amended in Committee.
Monday, 12 January 2015
Bills
House of Lords
Pension Schemes Bill
Tuesday, 27 January 2015
Parliamentary proceedings
House of Lords
Pension Schemes Bill 2014-15. As amended on Report.
Tuesday, 27 January 2015
Bills
House of Lords
Proceeding contributions
Lord Bradley | 759 c131 (Link to this contribution)

Moved by

Lord Bradley

8: After Clause 60, insert the following new Clause—

“Dra...

Lord Bradley | 759 cc131-2 (Link to this contribution)

My Lords, the purpose of this amendment is to give the Government the ability to cap the charges ...


Show all contributions (66)
Lord Bourne of Aberystwyth | 759 cc132-3 (Link to this contribution)

I thank the noble Lord, Lord Bradley, for his contribution and recognise that “decumulation” migh...

Baroness Drake | 759 c133 (Link to this contribution)

The Minister made the point that I had not heard before that, from April 2015, the independent go...

Lord Bourne of Aberystwyth | 759 cc133-4 (Link to this contribution)

As I understand it, it would certainly cover the point that the noble Baroness makes about draw-d...

Lord Bradley | 759 c134 (Link to this contribution)

I am grateful to the Minister for that response, and for taking up all the issues that I raised u...

Lord Bradley | 759 c134 (Link to this contribution)

Moved by

Lord Bradley

9: Before Clause 67, insert the following new Clause—

“Na...

Lord Bradley | 759 cc134-5 (Link to this contribution)

We return to the issue of the National Employment Savings Trust. The amendment requires the Gover...

Lord Bourne of Aberystwyth | 759 c136 (Link to this contribution)

My Lords, I thank the noble Lord, Lord Bradley, for his contribution and for allowing me to provi...

Lord Bradley | 759 c136 (Link to this contribution)

My Lords, following that last point, perhaps I might quote again from the letter, which I accept ...

Lord Bourne of Aberystwyth | 759 cc136-8 (Link to this contribution)

Indeed, and I will come on to that point but it relates only to the transfers, not to the amount....

Lord Bradley | 759 cc138-9 (Link to this contribution)

Once again, I am grateful to the Minister for his extensive response on this very important matte...

Lord McAvoy | 759 c139 (Link to this contribution)

Moved by

Lord McAvoy

10: Before Clause 67, insert the following new Clause—

“Sc...

Lord McAvoy | 759 cc139-140 (Link to this contribution)

My Lords, Amendment 10 would ensure that the fiduciary duty of pension scheme trustees should inc...

Lord German | 759 cc140-1 (Link to this contribution)

My Lords, once again I have a few questions for the movers of the amendment as well as the Minist...

Lord Bourne of Aberystwyth | 759 cc141-2 (Link to this contribution)

My Lords, I thank the noble Lord, Lord McAvoy, for moving this amendment. It would impose an addi...

Lord McAvoy | 759 c143 (Link to this contribution)

I thank the Minister for his response. However, I have struggled a wee bit to align some of the c...

Lord Bradley | 759 c143 (Link to this contribution)

Moved by

Lord Bradley

11: Before Clause 77, insert the following new Clause—

“D...

Lord Bradley | 759 cc143-6 (Link to this contribution)

My Lords, we return to decumulation, which is the process of converting pension savings into reti...

Lord Bourne of Aberystwyth | 759 cc146-7 (Link to this contribution)

My Lords, I thank the noble Lord, Lord Bradley, for introducing this amendment, which we recently...

Lord Bradley | 759 c147 (Link to this contribution)

Again, I am grateful to the Minister for his views on this amendment, so clearly laid out. I was ...

Lord Newby | 759 c147 (Link to this contribution)

Moved by

Lord Newby

12: After Clause 79, insert the following new Clause—

“Publ...

Lord Newby | 759 cc147-8 (Link to this contribution)

My Lords, these two amendments make a small change to the Public Service Pensions Act 2013 in res...

Lord Bradley | 759 c148 (Link to this contribution)

I am grateful for the explanation from the Minister and I can assure him that I have no intention...

Lord Bourne of Aberystwyth | 759 c148 (Link to this contribution)

Moved by

Lord Bourne of Aberystwyth

13: Clause 83, page 47, line 4, after “containing...

Lord Bourne of Aberystwyth | 759 c149 (Link to this contribution)

My Lords, this amendment changes the parliamentary procedure applicable to the exercise of some d...

Lord Bourne of Aberystwyth | 759 c149 (Link to this contribution)

Moved by

Lord Bourne of Aberystwyth

14: Clause 83, page 47, line 4, after “containing...

Lord Bourne of Aberystwyth | 759 cc149-150 (Link to this contribution)

Moved by

Lord Bourne of Aberystwyth

15: Clause 84, page 47, line 16, at end insert—

Lord Bourne of Aberystwyth | 759 c150 (Link to this contribution)

Moved by

Lord Bourne of Aberystwyth

17: Clause 88, page 48, line 35, at end insert—

Lord Bourne of Aberystwyth | 759 c150 (Link to this contribution)

Moved by

Lord Bourne of Aberystwyth

18: Schedule 2, page 63, line 21, at end insert—<...

Lord Bradley | 759 c150 (Link to this contribution)

Moved by

Lord Bradley

20: Schedule 3, page 68, line 20, at end insert—

“( ) mus...

Lord Bradley | 759 cc150-3 (Link to this contribution)

We now come to the very important issue of the guidance guarantee. In Committee we debated a numb...

Baroness Oppenheim-Barnes | 759 cc153-4 (Link to this contribution)

My Lords, this Bill is a very welcome reform and has been met with a good deal of justified prais...

Lord Flight | 759 c154 (Link to this contribution)

My Lords, I, too, have some reservations about the guidance arrangements, in two different types ...

Baroness Turner of Camden | 759 c154 (Link to this contribution)

My Lords, it was very kind of my noble friend on the Front Bench to mention me in his very intere...

Lord Newby | 759 cc155-6 (Link to this contribution)

My Lords, this amendment relates to the funding of the Pension Wise service. It requires that fin...

Lord Bradley | 759 c156 (Link to this contribution)

Is the Minister confirming that they will be accredited with that qualification before the servic...

Lord Newby | 759 c156 (Link to this contribution)

My Lords, that is the intention. I was about to say that although not every person recruited by C...

Lord Bradley | 759 c156 (Link to this contribution)

On that point, will the customer be able to choose whether they have a specialist adviser or some...

Lord Newby | 759 cc156-7 (Link to this contribution)

No, I do not think that that is the intention. We believe, and are confident, that everybody will...

Baroness Hollis of Heigham | 759 c157 (Link to this contribution)

Would the Minister mind expanding a little on this? He, or certainly his colleagues, will know th...

Lord Newby | 759 c157 (Link to this contribution)

My Lords, I am saying that we will designate a very significant number of CAB offices to provide ...

Baroness Hollis of Heigham | 759 c157 (Link to this contribution)

I am grateful to the noble Lord for giving way. Is the Minister saying therefore that the CABs wi...

Lord Newby | 759 cc157-8 (Link to this contribution)

My Lords, all I am saying about operating hours is that they are still being finalised.

The...

Lord Bradley | 759 cc158-9 (Link to this contribution)

Again, I am grateful to the Minister for his response to the many questions that I and other nobl...

Baroness Hollis of Heigham | 759 c159 (Link to this contribution)

Moved by

Baroness Hollis of Heigham

21: Schedule 3, page 70, line 24, at end insert—<...

Baroness Hollis of Heigham | 759 cc159-162 (Link to this contribution)

My Lords, I would like to move Amendment 21 in the names of my noble friends Lord Bradley and Lor...

Baroness Drake | 759 cc160-4 (Link to this contribution)

My Lords, this amendment addresses the need for the Government to make savers aware of the interp...

Lord Bradley | 759 c164 (Link to this contribution)

I will be brief as I cannot better the brilliant analyses of my noble friends Lady Hollis and Lad...

Lord Newby | 759 cc164-5 (Link to this contribution)

My Lords, I hope that noble Lords will forgive me if I concentrate on the amendment. First, the G...

Baroness Hollis of Heigham | 759 c165 (Link to this contribution)

I apologise for interrupting the noble Lord quite so quickly, but the amendment was not meant to ...

Lord Newby | 759 c165 (Link to this contribution)

My Lords, I remind the noble Baroness that there will be three strands of guidance: face-to-face ...

Baroness Hollis of Heigham | 759 c165 (Link to this contribution)

I am sorry to press this, and the noble Lord is being very generous in allowing me to intervene a...

Lord Newby | 759 cc165-7 (Link to this contribution)

My Lords, I will come to that. I shall deal with the amendment first because it raises an importa...

Baroness Hollis of Heigham | 759 cc167-8 (Link to this contribution)

My Lords, the Minister’s answer—this is of course not personal; he is dependent on the briefing a...

Lord Bradley | 759 c168 (Link to this contribution)

Moved by

Lord Bradley

23: Schedule 3, page 80, line 37, at end insert—

“Pension...

Lord Bradley | 759 cc168-9 (Link to this contribution)

I will be brief on this amendment because I share the concern of my noble friend Lady Hollis abou...

Lord Newby | 759 cc169-171 (Link to this contribution)

My Lords, these amendments would require the Government to publish two reviews of the impact of p...

Lord Bradley | 759 c171 (Link to this contribution)

I am grateful to the Minister for his response, particularly on that last point about the example...

Lord Bourne of Aberystwyth | 759 cc171-2 (Link to this contribution)

Moved by

Lord Bourne of Aberystwyth

25: Schedule 4, page 83, line 5, at end insert—

Lord Bourne of Aberystwyth | 759 cc172-3 (Link to this contribution)

My Lords, this group of amendments is required to ensure that the transfer provisions contained i...

Lord Bradley | 759 c173 (Link to this contribution)

I am grateful to the Minister for his explanation. Clearly, it is important that the transfer pro...

Lord Bourne of Aberystwyth | 759 c173 (Link to this contribution)

Moved by

Lord Bourne of Aberystwyth

26: Schedule 4, page 84, line 19, at end insert—<...

Lord Bourne of Aberystwyth | 759 cc173-5 (Link to this contribution)

Moved by

Lord Bourne of Aberystwyth

40: Schedule 5, page 106, line 40, at end insert—...

Lord Bourne of Aberystwyth | 759 c175 (Link to this contribution)

My Lords, the House will be relieved that this amendment is relatively straightforward. It enable...

Lord Bradley | 759 c175 (Link to this contribution)

It would not behove me well to challenge anything that the Supreme Court rules on, but I am sure ...

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