Pension Schemes Bill [HL]

My Lords, I hope that this was worth the wait.

Clause 109 allows the Government to prescrib...

My Lords, I apologise for not being here at Second Reading or at the beginning on Monday. The fir...

I would be surprised as well.

My Lords, I support the thinking behind both these amendments...

My Lords, I think we all understand the reason for these two amendments; whether one of these two...

My Lords, I signed the amendment of the noble Lord, Lord Vaux, and agree entirely with the princi...

My Lords, I rise briefly—I have added my name to one of the amendments—to support the concept tha...

My Lords, I look forward to hearing what my noble friend the Minister says about this and whether...

My Lords, I support the principle behind Amendment 27, in the name of the noble Lord, Lord Vaux, ...

My Lords, the Committee should thank the noble Lords, Lord Vaux and Lord Balfe, for having enable...

I thank the noble Lords for tabling these amendments and all noble Lords for their contributions ...

Does the Minister accept that a regime for notifying dividends is not necessarily the same as sto...

I will carry on and answer the question from the noble Lord, Lord Flight, and then I will answer ...

My Lords, I want to pursue a couple of points. I am a simple soul compared to many around the tab...

Requiring the payment of dividends to be reported is not necessarily very helpful to the regulato...

I have listened carefully to the debate and cannot help but think that this is not sufficiently f...

The noble Baroness makes some valid points. We consider that dividends are paid at a point in tim...

Can we try to narrow the point of difference? The Minister is often being given briefings which c...

The last word I would use to describe the noble Baroness is simple; that is not the case. She and...

I would just say that my argument is not with the noble Baroness personally; she will be provided...

I thank the noble Baroness for the points she has made. I think we should put this into the conve...

May I also be included in this meeting?

Of course.

The point made by the noble Baroness, Lady Drake, is similar to the point that I was going to mak...

I would also like to be involved in the further talks. We have to try to find a way of dealing wi...

I also want to be invited. A critical feature of the discussion is the effectiveness of TPR. When...

We will pass a piece of paper around, and if noble Lords will write their names on it, we will ma...

I thank all noble Lords who have taken part in this excellent debate and the Minister for agreein...

Moved by

Baroness Altmann

28: Clause 110, page 97, line 2, at end insert—

“72B ...

My Lords, I rise to move Amendment 28 in my name in this group and will speak to Amendment 92, to...

My Lords, I added my name to Amendment 28, which the Baroness, Lady Altmann, has just cogently ex...

My Lords, I thank the noble Baronesses, Lady Altmann and Lady Hayman, for their powerful, compreh...

My Lords, I want to point out that Amendment 28 is important because members of pension schemes d...

My Lords, my Amendment 89 relates to the occupational pension schemes regulations in the statemen...

My Lords, I shall speak to Amendments 52, 74, 75, 76 and 92 to which I have added my name. As the...

I would like to say one sentence about this. First, could the Minister comment on this situation?...

My Lords, I do not think I will start at that point.

I will not add much. I had a lovely sp...

I thank all noble Lords for their amendments and contributions. They have been numerous, but they...

I am so sorry to interrupt my noble friend. First, I want to draw the Committee’s attention to my...

Of course we will be happy to write to answer the questions that my noble friend has raised.

There is a lot of detail in what the Minister has said and I am very grateful to her for saying t...

I am advised that we need to get that information from the FCA; when we do, we will give it to al...

I apologise, but this seems to be the logical point at which to do this. I echo the comments of t...

Can I answer the noble Baroness’s question when I come to the specifics that have been asked? If ...

I am sorry to interrupt but this is specifically on the government amendments. Like others, I wel...

In answer to the noble Baroness, subject to the passage of the Bill we will consult extensively t...

That still does not mean that something will definitely happen then. I understand that the regula...

As I understand it, we have to consult before we can make that decision.

Could I join in on this? We are talking about Amendment 73, which would insert new Section 41A on...

I do not know whether the noble Lord has put his name on the list to meet, but it looks as though...

I thank my noble friend for her comprehensive response. I think she can tell from the comments th...

Compared with the very interesting debate we have just had on these important amendments, what I ...

I thank my noble friend for that contribution, which is equally as important as the amendments. T...

Moved by

Lord Sharkey

29: Clause 112, page 99, line 7, leave out “£50,000” and insert...

My Lords, I shall be very brief. Amendments 29, 30 and 32 in my name are all probing. Their purpo...

My Lords, I support all the amendments in this group—Amendment 31 is my own. The broad principle ...

My Lords, these amendments offer a good opportunity to explore whether the penalties in the Bill ...

I thank noble Lords for tabling these amendments and I will do my best to answer all their questi...

I realise that my questions were quite detailed, so could I ask the Minister to look at the recor...

I thank the noble Baroness for this homework. I will ensure it is delivered to her and that it is...

My Lords, in her explanation of the £1 million upper limit, the Minister relied to some extent on...

Moved by

Baroness Bowles of Berkhamsted

33: After Clause 115, insert the following ne...

My Lords, this amendment aims to utilise an existing provision in the Company Directors Disqualif...

My Lords, I can add little to that careful explanation of the amendment; I know a lot more than I...

I thank the noble Baroness, Lady Bowles, for tabling this amendment, which would require the Pens...

I thank the Minister for that explanation. I think that there are two provisions within the Compa...

Moved by

Baroness Drake

37: Clause 118, page 105, line 4, after “service” insert “(wh...

My Lords, I shall speak to Amendments 37, 47, 48, 60 and 61. Amendments 37, 47 and 60 place in th...

My Lords, Amendments 70 and 71 in my name have much in common with Amendments 47 and 60, tabled b...

My Lords, I strongly support the amendments in this group and have signed Amendment 70 in the nam...

My Lords, my noble friend Lady Drake has made a compelling case for the importance of this issue ...

My Lords, I thank the noble Baronesses, Lady Drake and Lady Sherlock, my noble friend Lord Young ...

I hope my noble friend will forgive me for intervening, but after what he has just said, it is im...

I say—gently—to my noble friend that I could not disagree more. I cannot see the risks that she h...

My Lords, this is the first chance Parliament has had to scrutinise this major project. I am not ...

I will come back on a couple of points raised by the noble Baroness. The regulations that would a...

I will make a practical point. Running up to the launch, it would surely be very useful to have e...

That is a very constructive suggestion from my noble friend. I will take it away with me.

My Lords, that had better not happen too soon, though, because there might be nothing to see for ...

I believe I am right in saying that while your Lordships’ Delegated Powers Committee had some tre...

I am conscious that I was a member of the Constitution Committee. The issue is not that simply th...

I hear what the noble Baroness says. It is not that the policy is not settled but that the implem...

I beg leave to withdraw my amendment.