UK Parliament / Open data

Pension Schemes Bill [Lords]

Debate on bills on Wednesday, 7 October 2020, in the House of Commons, led by Therese Coffey. The answering member was Jonathan Reynolds.
Second reading. Agreed to on question. Programme motion relating to proceedings on Committal, in Public Bill committee, on consideration and third reading. Agreed to on question. Money resolution. Queen's recommendation signified. Agreed to on question. Sitting suspended.

About these Parliamentary proceedings

Reference

681 cc909-391 

Session

2019-21

Legislative stage

Second reading

Chamber / Committee

House of Commons chamber
Pension Schemes Bill (HL) 2019-21. Brought from the Lords.
Thursday, 16 July 2020
Bills
House of Commons

Proceeding contributions

Therese Coffey | 681 c909 (Link to this contribution)

I beg to move, that the Bill be now read a Second time.

Pensions are a fundamental part of ...

Duncan Baker | 681 c909 (Link to this contribution)

My constituents in Norfolk are passionate about climate change. They want to have safe and sustai...


Show all contributions (61)
Therese Coffey | 681 cc909-911 (Link to this contribution)

My hon. Friend has one of the constituencies with the highest number of pensioners in the country...

Steve Brine | 681 c911 (Link to this contribution)

I welcome the Bill, and part 4 in particular, including the bit that my right hon. Friend has jus...

Therese Coffey | 681 c361 (Link to this contribution)

The Bill will require the pension schemes to provide all the data that they have available, so th...

Neil Gray | 681 c361 (Link to this contribution)

We welcome this part of the Bill in particular. We support informing savers about their savings l...

Therese Coffey | 681 c1954 (Link to this contribution)

Our aim is to empower consumers through dashboards and the Government believe that they are best ...

Shailesh Vara | 681 c1954 (Link to this contribution)

I welcome the Bill, particularly the part that my right hon. Friend is referring to at present. S...

Therese Coffey | 681 cc912-3 (Link to this contribution)

My hon. Friend is right to say that dashboards could encourage more people to consider consolidat...

Nigel Mills | 681 c913 (Link to this contribution)

Does the Minister agree that the responsibility for pension scheme trustees goes further than jus...

Therese Coffey | 681 c913 (Link to this contribution)

I understand exactly the point my hon. Friend makes. My understanding is that the Financial Condu...

Stephen Timms | 681 c913 (Link to this contribution)

I welcome this measure in the Bill, reflecting changes in the other place. As the Secretary of St...

Therese Coffey | 681 c913 (Link to this contribution)

I know that the right hon. Gentleman and his Select Committee are looking at this matter carefull...

Neil Gray | 681 c913 (Link to this contribution)

I welcome the intervention from the Chair of the Select Committee. During the passage of the Fina...

Therese Coffey | 681 c914 (Link to this contribution)

My hon. Friend the Under-Secretary of State for Work and Pensions has just told me he will share ...

Jonathan Reynolds | 681 cc914-7 (Link to this contribution)

I am grateful to be called to speak in this Second Reading debate. Since I became the shadow Secr...

Andrea Leadsom | 681 cc917-8 (Link to this contribution)

First, I congratulate my right hon. Friend the Secretary of State and, in particular, the Under-S...

Andrea Leadsom | 681 c919 (Link to this contribution)

Exactly, Mr Speaker—at least. I was referring to people who are starting to have to think serious...

Matt Western | 681 c919 (Link to this contribution)

I just want to pick up on those points. The right hon. Lady is making some powerful arguments, an...

Andrea Leadsom | 681 cc919-920 (Link to this contribution)

The hon. Gentleman makes a good point. We should highlight the excellent work of some of the trad...

Neil Gray | 681 cc920-3 (Link to this contribution)

It is a pleasure to follow the right hon. Member for South Northamptonshire (Andrea Leadsom), who...

Nigel Mills | 681 cc922-6 (Link to this contribution)

It is a pleasure to speak in the debate on this excellent Bill, and I think that I echo most of t...

Guy Opperman | 681 c926 (Link to this contribution)

I hesitate to interrupt my hon. Friend’s flow, but there is an ongoing consultation on illiquids ...

Nigel Mills | 681 cc926-7 (Link to this contribution)

I am grateful to the Minister—perhaps he will submit my views to those consultations. This is abo...

Stephen Timms | 681 cc927-9 (Link to this contribution)

As has already been widely said, there is much to welcome in this Bill. Some important changes we...

Guy Opperman | 681 c929 (Link to this contribution)

I am grateful to the Chair of the Work and Pensions Select Committee with whom I have had, I thin...

Stephen Timms | 681 cc929-930 (Link to this contribution)

I am extremely grateful to the Minister for those points and for the work that he has done, the r...

Gareth Davies | 681 cc930-1 (Link to this contribution)

It is a great pleasure to follow the Chair of the Work and Pensions Committee. This is an incredi...

Guy Opperman | 681 c931 (Link to this contribution)

To address that point, the Government were clearly waiting for the industry to volunteer the prov...

Gareth Davies | 681 cc932-365 (Link to this contribution)

I am grateful to the Minister for clarifying that and, again, I welcome the provision to compel p...

Nick Smith | 681 cc365-933 (Link to this contribution)

Pensions are often the biggest pot of money that anyone will have. They hold the promise of futur...

Ben Spencer | 681 cc933-5 (Link to this contribution)

The measures in the Bill could transform how we view and engage with pensions, and I welcome the ...

Ben Lake | 681 c935 (Link to this contribution)

Diolch, Mr Deputy Speaker, for calling me to contribute to this very important debate, which I th...

Guy Opperman | 681 c935 (Link to this contribution)

I am grateful to the hon. Gentleman for putting on the record my knowledge of mid-Wales and suppo...

Ben Lake | 681 cc935-6 (Link to this contribution)

That is a very kind offer from the Minister and I will take him up on it.

Achieving net zer...

Shaun Bailey | 681 cc936-8 (Link to this contribution)

It is a pleasure to follow the hon. Member for Ceredigion (Ben Lake) and to hear about all the fa...

Steve McCabe | 681 cc938-9 (Link to this contribution)

This is the first time that I have seen the Pensions Minister since his sad loss. I just want to ...

Gareth Davies | 681 c939 (Link to this contribution)

The hon. Gentleman is making some very good points that I would like to add to as someone who has...

Steve McCabe | 681 c939 (Link to this contribution)

That is a good point. I think surveys have been undertaken that show that younger people from the...

Guy Opperman | 681 c940 (Link to this contribution)

Let me try to clarify the legitimate point raised by the hon. Gentleman and also the flipside in ...

Steve McCabe | 681 c940 (Link to this contribution)

I am grateful to the Minister and acknowledge the points that he has made. I just think that ther...

Harriett Baldwin | 681 cc940-1 (Link to this contribution)

I welcome the Bill, which is a milestone in the country’s journey to a safer, better and greener ...

Guy Opperman | 681 c942 (Link to this contribution)

I am grateful to my hon. Friend for what she is saying, but on what Mr Mark Carney has said, she ...

Harriett Baldwin | 681 cc370-1 (Link to this contribution)

I welcome what the Minister says, and I did not want in any way to undermine the provision in the...

Richard Thomson | 681 cc371-945 (Link to this contribution)

As my hon. Friend the Member for Airdrie and Shotts (Neil Gray) set out earlier, there is a great...

Aaron Bell | 681 cc372-946 (Link to this contribution)

It is a pleasure to follow the hon. Member for Gordon (Richard Thomson), who made a lot of import...

Neil Gray | 681 c946 (Link to this contribution)

I take what the hon. Gentleman says, and I do not disagree. I understand that commercial dashboar...

Aaron Bell | 681 cc373-948 (Link to this contribution)

I thank the hon. Gentleman for that intervention, and I ask the Minister to comment on that in hi...

Rob Roberts | 681 cc948-950 (Link to this contribution)

As a financial planner for many years, I confirm that for a large majority of the UK population t...

Duncan Baker | 681 c950 (Link to this contribution)

It is an honour to follow the self-confessed pension geek and guru that is my hon. Friend the Mem...

Rob Roberts | 681 c951 (Link to this contribution)

Past performance is no indication of future guaranteed performance. The small print says so quite...

Duncan Baker | 681 cc951-2 (Link to this contribution)

If I wrote a headline for this Bill, it would be something along the lines of, “If you want to sa...

Richard Holden | 681 cc952-3 (Link to this contribution)

I will not be speaking for as long as I did yesterday in the Adjournment debate. I will just say ...

Wendy Chamberlain | 681 cc953-5 (Link to this contribution)

First, I express my thanks to Members of the other place for introducing the Bill and for their w...

Jack Dromey | 681 cc955-9 (Link to this contribution)

Those who built Britain deserve nothing less than security and dignity in retirement. Pensions is...

Guy Opperman | 681 cc959-960 (Link to this contribution)

This is an important Bill for millions of everyday people: those who have already retired and tho...

Nick Smith | 681 c960 (Link to this contribution)

It is great to hear the Minister speak up for the good people of Tredegar, my home town. I accept...

Guy Opperman | 681 cc960-2 (Link to this contribution)

I will come to dashboards in more detail. I am happy to discuss this with the hon. Gentleman indi...

Neil Gray | 681 c961 (Link to this contribution)

I thank the Minister for giving way. I want to say at the outset how pleased I am to see him in h...

Guy Opperman | 681 cc961-3 (Link to this contribution)

I have already engaged in extensive discussions, but I would be delighted to continue to do so bo...

Back to top