UK Parliament / Open data

Pension Schemes Bill [Lords]

Debate on bills on Monday, 16 November 2020, in the House of Commons, led by Guy Opperman. The answering member was Jonathan Reynolds.
Report stage. New clause 1, debated with new clauses 2-6 and amendments. Sitting suspended. On resuming, new clause 1 negatived on division (262 to 351). Proceedings interrupted (Programme order, 7 October). New clause 4 negatived on division (262 to 349). Clause 123, amendment 1, negatived on division (257 to 256). Clause 24, amendment 16, negatived on division (256 to 356). Third reading. Queen's consent signified. Agreed to on question. Bill passed with amendments.

About these Parliamentary proceedings

Reference

684 cc55-137 

Session

2019-21

Legislative stage

Third reading and Report stage

Chamber / Committee

House of Commons chamber
Pension Schemes Bill (HL) 2019-21. Brought from the Lords.
Thursday, 16 July 2020
Bills
House of Commons
Deposited Paper DEP2020-0736
Tuesday, 17 November 2020
Deposited papers
House of Lords

Proceeding contributions

Stephen Timms | 684 c1495 (Link to this contribution)

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

Baroness Winterton of Doncaster | 684 cc1495-7 (Link to this contribution)

With this it will be convenient to discuss the following:

New clause 2—Pensions Advisory Co...


Show all contributions (94)
Stephen Timms | 684 c61 (Link to this contribution)

I rise to speak to new clause 1, together with amendments 2 to 5, and I am grateful to those from...

Angela Eagle | 684 c61 (Link to this contribution)

On that point, I thank my right hon. Friend for the way he is championing consumer advice in this...

Stephen Timms | 684 c62 (Link to this contribution)

My hon. Friend is absolutely right, and that is precisely what new clause 1 is intended to delive...

Guy Opperman | 684 c62 (Link to this contribution)

I am grateful to the right hon. Gentleman for our conversation in the Library beforehand, during ...

Stephen Timms | 684 cc1502-63 (Link to this contribution)

I am very grateful to the Minister for that assurance, and I look forward to monthly publication ...

Shailesh Vara | 684 c63 (Link to this contribution)

The right hon. Gentleman speaks with huge authority on this subject, having formerly been Pension...

Stephen Timms | 684 c63 (Link to this contribution)

The proposal in new clause 1 is that people should be auto-enrolled into an appointment—that ever...

Shailesh Vara | 684 c1504 (Link to this contribution)

I note that the right hon. Gentleman says people would be given an appointment, but if the notifi...

Stephen Timms | 684 cc64-5 (Link to this contribution)

The great strength of the Pension Wise approach is in providing appointments that deliver guidanc...

Guy Opperman | 684 c65 (Link to this contribution)

I am grateful to the right hon. Gentleman for giving way again. He knows that I have exchanged a ...

Stephen Timms | 684 cc1506-66 (Link to this contribution)

I am grateful for the assurances that the Minister has given. One of the problems is that the res...

Nigel Mills | 684 cc66-7 (Link to this contribution)

It is a pleasure to speak in the debate, to follow the right hon. Member for East Ham (Stephen Ti...

Angela Eagle | 684 c67 (Link to this contribution)

Does the hon. Gentleman agree that at the moment the decumulation pension industry is unregulated...

Nigel Mills | 684 cc1508-68 (Link to this contribution)

I am grateful to the hon. Lady. If only she was on the Select Committee, because that is an issue...

Guy Opperman | 684 c68 (Link to this contribution)

I am conscious of interrupting my hon. Friend’s flow, but that is clearly what the Government are...

Nigel Mills | 684 cc68-71 (Link to this contribution)

I am grateful to the Minister. That document came out on my birthday, so it was a very happy pres...

Anna McMorrin | 684 c71 (Link to this contribution)

Is the hon. Member saying that climate really is not very important because that is what I hear h...

Nigel Mills | 684 c1512 (Link to this contribution)

I was coming on to say that there are better ways we could do this. I accept that we should encou...

Aaron Bell | 684 c1512 (Link to this contribution)

Does my hon. Friend agree that an unintended effect of amendment 16 might be that pension funds f...

Nigel Mills | 684 c1513 (Link to this contribution)

I agree, and I was coming on to that argument. I am not sure that achieving net zero can be pushe...

Jonathan Reynolds | 684 c1513 (Link to this contribution)

I will not address this in detail because I will have my own opportunity to do so, but I make it ...

Nigel Mills | 684 c1514 (Link to this contribution)

I am grateful to the hon. Member, but I am not sure what the amendment would achieve then. If we ...

Guy Opperman | 684 c72 (Link to this contribution)

I endorse my hon. Friend’s comments, but surely the key point about clause 124 is that it does se...

Nigel Mills | 684 c1516 (Link to this contribution)

I am grateful to the Minister and I agree. The measures in the Bill are very sensible steps forwa...

Wendy Chamberlain | 684 cc1517-73 (Link to this contribution)

I would like to speak to amendments 1 and 6, which have been tabled in my name and the names of o...

Guy Opperman | 684 c73 (Link to this contribution)

I am grateful to the hon. Lady for those comments. I will not have the chance to answer in detail...

Wendy Chamberlain | 684 cc1519-1520 (Link to this contribution)

I thank the Minister for that intervention, but I would ask him again to consider accepting eithe...

Richard Graham | 684 c74 (Link to this contribution)

This is an important point and the Minister will know that there are open schemes with considerab...

Wendy Chamberlain | 684 cc1521-75 (Link to this contribution)

I thank the hon. Gentleman for his endorsement of my remarks. I hope the Minister will comment on...

Gareth Davies | 684 c1522 (Link to this contribution)

It is a great pleasure to speak in this debate today, as it was on Second Reading and in Committe...

Felicity Buchan | 684 c1522 (Link to this contribution)

Is my hon. Friend aware that industry agrees with his position? For instance, the Pensions and Li...

Gareth Davies | 684 cc1522-76 (Link to this contribution)

I am aware that the PLSA has stated that it is concerned about this amendment, for the reasons I ...

Baroness Winterton of Doncaster | 684 cc77-1527 (Link to this contribution)

Order. I am going to suspend the House for a short time—probably five or 10 minutes—to allow some...

Pete Wishart | 684 c1527 (Link to this contribution)

On a point of order, Madam Deputy Speaker. I wonder if you could tell the House why there was the...

Baroness Winterton of Doncaster | 684 c1527 (Link to this contribution)

I thank the hon. Gentleman for that point of order. We were asked to suspend the House just to en...

Jim Shannon | 684 cc1528-78 (Link to this contribution)

First, let me thank all those who have made contributions, which have been excellent. I thank the...

Guy Opperman | 684 c78 (Link to this contribution)

I welcome the hon. Gentleman back to the House, as this is the first opportunity I have had to do...

Jim Shannon | 684 cc78-80 (Link to this contribution)

I thank the Minister for that response. The Department for Work and Pensions estimates that 50 mi...

Jim Shannon | 684 c79 (Link to this contribution)

I am afraid it is. My mother was very wise—she still is: she is 89 years old now and is even wise...

Shaun Bailey | 684 cc79-82 (Link to this contribution)

It is a pleasure to follow the hon. Member for Strangford (Jim Shannon) and all the other speaker...

Angela Eagle | 684 cc82-4 (Link to this contribution)

It is a pleasure to follow the hon. Member for West Bromwich West (Shaun Bailey) in this reasonab...

Angela Eagle | 684 c1529 (Link to this contribution)

The Minister is hopping about on his feet, so I will give way.

Guy Opperman | 684 c1529 (Link to this contribution)

It is hard to hop from a sedentary position, but I will do my level best in future. I accept that...

Angela Eagle | 684 cc1529-1530 (Link to this contribution)

I thank the Minister for that point. We had this discussion in Committee, and we are having it ag...

Aaron Bell | 684 cc1530-85 (Link to this contribution)

It is a pleasure to follow the hon. Member for Wallasey (Ms Eagle). I welcome her constructive ap...

Angela Eagle | 684 c85 (Link to this contribution)

I knew John Golding, and he never spoke for one second longer than he needed to for a particular ...

Aaron Bell | 684 cc1532-86 (Link to this contribution)

I thank the hon. Lady for that intervention. Yes, I think Mr Golding successfully pushed the Tele...

Pete Wishart | 684 cc86-8 (Link to this contribution)

I support new clauses 4 and 5, which I tabled with my hon. Friends. It is a pleasure to follow th...

Guy Opperman | 684 c88 (Link to this contribution)

The hon. Gentleman knows that we have looked at this repeatedly, and I have met many of the indiv...

Pete Wishart | 684 cc88-9 (Link to this contribution)

I am grateful to the Minister for reminding the House of the work that has been done. I am fully ...

Stephen Doughty | 684 cc89-91 (Link to this contribution)

I rise to address a number of issues. First, let me say that I fully support the amendments table...

Baroness Laing of Elderslie | 684 c92 (Link to this contribution)

I hope that we can manage the rest of the debate without a formal time limit, because the debate ...

Duncan Baker | 684 cc92-3 (Link to this contribution)

Thank you, Madam Deputy Speaker. I will cut my speech down from the hour or so that I was plannin...

Anna McMorrin | 684 cc93-4 (Link to this contribution)

I rise primarily to speak in support of amendments 16 to 24.

The climate crisis remains one...

Guy Opperman | 684 c94 (Link to this contribution)

I am listening to the hon. Lady’s speech with great interest, and I am just wondering whether she...

Anna McMorrin | 684 cc1546-95 (Link to this contribution)

I thank the Minister for his intervention, but, frankly, it does not go far enough, which is why ...

Robbie Moore | 684 cc95-6 (Link to this contribution)

It is a pleasure to follow the hon. Member for Cardiff North (Anna McMorrin), and it is good to s...

Alan Brown | 684 cc96-8 (Link to this contribution)

It is a pleasure to follow the hon. Member for Keighley (Robbie Moore). I noticed that he mention...

Ruth Jones | 684 c99 (Link to this contribution)

I am grateful to be called and to have the opportunity to speak briefly in this important debate,...

Richard Thomson | 684 cc99-101 (Link to this contribution)

I rise to support amendments 7 and 8 and new clauses 4 and 5 in my name and those of others. A re...

Neil Gray | 684 cc101-2 (Link to this contribution)

It is a pleasure to follow my hon. Friend the Member for Gordon (Richard Thomson), whose helpful,...

Guy Opperman | 684 c102 (Link to this contribution)

I just want to correct one point, which I was going to try to deal with in more detail later. The...

Neil Gray | 684 cc1562-104 (Link to this contribution)

The fact remains, and the Minister has not rebuked the point I made in Committee, that the strong...

Richard Graham | 684 c104 (Link to this contribution)

The hon. Gentleman is making a point that a number of us made earlier. I notice that in the Commi...

Neil Gray | 684 c104 (Link to this contribution)

I was just coming on to quote that very passage from the Minister in Committee—

Neil Gray | 684 cc1567-105 (Link to this contribution)

I was—I have it right here. We took some comfort from that statement from the Minister, but I hav...

Jonathan Reynolds | 684 cc105-9 (Link to this contribution)

I place on record my thanks to all Members who participated today and in Committee. In particular...

Guy Opperman | 684 cc107-110 (Link to this contribution)

This is a hugely important piece of legislation. It is a landmark Bill. It will impact the lives ...

Neil Gray | 684 c110 (Link to this contribution)

Nothing that the Minister has said contradicts anything in our amendment 7 or, for that matter, o...

Guy Opperman | 684 cc110-3 (Link to this contribution)

I assure the House that no Minister in my position could accept amendment 1, which was proposed b...

Alan Brown | 684 c112 (Link to this contribution)

One of the issues is that trustees have a legal duty in terms of the trust. At least this amendme...

Guy Opperman | 684 cc112-4 (Link to this contribution)

With no disrespect, that is a matter for the trustees. The hon. Gentleman can make the case to th...

Stephen Timms | 684 c114 (Link to this contribution)

Will the hon. Gentleman give way?

Guy Opperman | 684 c1574 (Link to this contribution)

I will give way for the last time.

Stephen Timms | 684 c1576 (Link to this contribution)

On his point about the shared intent, I quoted in my speech what Baroness Buscombe said in the ot...

Guy Opperman | 684 c1576 (Link to this contribution)

I stand by section 19 of the Financial Guidance and Claims Act 2018, which specifically sets out ...

Stephen Timms | 684 cc1576-7 (Link to this contribution)

I welcome the debate we have had on this set of new clauses and amendments, and I welcome many of...

Guy Opperman | 684 cc135-565 (Link to this contribution)

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

This is a hugely—

Guy Opperman | 684 c569 (Link to this contribution)

How could I possibly not give way to my hon. Friend!

Guy Opperman | 684 cc580-1 (Link to this contribution)

I congratulate my hon. Friend on making her point so eloquently and intervening speedily in this ...

Jonathan Reynolds | 684 cc581-136 (Link to this contribution)

I thank all colleagues for their participation in today’s proceedings and throughout the passage ...

Neil Gray | 684 cc136-587 (Link to this contribution)

Like others, I wish to put on record my thanks to the Clerks, Huw Yardley and Kenneth Fox, and to...

Stephen Timms | 684 c587 (Link to this contribution)

I echo the thanks that have been expressed by all three Front-Bench spokespeople. I welcome the c...

Stephen Timms | 684 cc593-8 (Link to this contribution)

That is welcome. We agree, then, that taking up Pension Wise guidance should be the norm, and I l...

Wendy Chamberlain | 684 cc598-9 (Link to this contribution)

There is nothing more for me to say, other than to add my thanks to Members of this House and the...

Jim Shannon | 684 cc599-137 (Link to this contribution)

I thank Members and the Minister for their contributions on Third Reading. I look forward to brin...

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