UK Parliament / Open data

Pension Schemes Bill [HL]

Proceeding contribution from Lord Flight (Conservative) in the House of Lords on Wednesday, 26 February 2020. It occurred during Debate on bills and Committee proceeding on Pension Schemes Bill [HL].

My Lords, I think we all understand the reason for these two amendments; whether one of these two or another amendment is to deal with the situation, it needs to be dealt with. I am slightly surprised that neither amendment would actually stop the payment of dividends. I think there is an argument that, where the finances obviously mean that a dividend cannot be afforded, the company should not be allowed to make a dividend payment. I am not sure that Amendment 27 or Amendment 84 addresses the issue as well as it might be addressed. The Government might have another look at what they want to achieve, which should be stopping payments of dividends where they cannot be afforded.

4 pm

About this proceeding contribution

Reference

802 c133GC 

Session

2019-21

Chamber / Committee

House of Lords Grand Committee
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