My Lords, I apologise for being a late newcomer to Trade Bill proceedings, but other Bills and committees have conspired against my taking part thus far. I want to speak in favour of both these amendments and to explain Amendment 83A, in the name of my noble friend Lady Kramer...

My Lords, I apologise for being a late newcomer to Trade Bill proceedings, but other Bills and committees have conspired against my taking part thus far. I want to speak in favour of both these amendments and to explain Amendment 83A, in the name of my noble friend Lady Kramer...

My Lords, I will speak in favour of Amendments 78, 79, 104 and 114, in the name of my noble friend Lady Kramer and in my name.

Amendments 78 and 114 would amend similar wording in Clause 6 and Schedule 4, where in both places the Bill has the provision that...

My Lords, I will speak in favour of Amendments 78, 79, 104 and 114, in the name of my noble friend Lady Kramer and in my name.

Amendments 78 and 114 would amend similar wording in Clause 6 and Schedule 4, where in both places the Bill has the provision that...

My Lords, I am conscious that, in the two groups we have already discussed, we have touched quite thoroughly on the background that inspired my amendment. The Minister has explained several times that it is the intention that this legislation is flexible, that because of the ability to make regulations...

My Lords, I am conscious that, in the two groups we have already discussed, we have touched quite thoroughly on the background that inspired my amendment. The Minister has explained several times that it is the intention that this legislation is flexible, that because of the ability to make regulations...

Moved by

Baroness Bowles of Berkhamsted

46: Clause 118, page 107, line 28, at end insert—

“( ) Any regulations made under section 238A or this section which make provision for privately owned or commercial providers of pensions dashboard services to enter service must include provision about—

(a) designation of the responsible regulators for—

(i)...

Moved by

Baroness Bowles of Berkhamsted

46: Clause 118, page 107, line 28, at end insert—

“( ) Any regulations made under section 238A or this section which make provision for privately owned or commercial providers of pensions dashboard services to enter service must include provision about—

(a) designation of the responsible regulators for—

(i)...

My Lords, I thank the Minister for his response. As I said, this is a probing amendment but also an attempt to indicate a framework that could be constructive, perhaps in particular around some of those issues on which all noble Lords have spoken. It covers things such as advertising;...

My Lords, I thank the Minister for his response. As I said, this is a probing amendment but also an attempt to indicate a framework that could be constructive, perhaps in particular around some of those issues on which all noble Lords have spoken. It covers things such as advertising;...

My Lords, I was not intending to speak to these amendments, but it has been quite an interesting debate to listen to. In some ways, I have changed my mind during the course of the debate. I found the notion of having everything all in one place, as put forward...

My Lords, I was not intending to speak to these amendments, but it has been quite an interesting debate to listen to. In some ways, I have changed my mind during the course of the debate. I found the notion of having everything all in one place, as put forward...

My Lords, like others, I speak in favour of all three amendments. In fact, I signed Amendments 6 and 7 but too late for it to show on the Marshalled List in respect of Amendment 7. I was one of the many noble Lords who mentioned intergenerational fairness, and fairness...

My Lords, like others, I speak in favour of all three amendments. In fact, I signed Amendments 6 and 7 but too late for it to show on the Marshalled List in respect of Amendment 7. I was one of the many noble Lords who mentioned intergenerational fairness, and fairness...

I would like to intervene at this point because a lot has been spoken about. When there is a calculation of the percentage of the value of the assets for an individual transferring out, which is done on various actuarial calculations, will those actuarial calculations be able to take into...

I would like to intervene at this point because a lot has been spoken about. When there is a calculation of the percentage of the value of the assets for an individual transferring out, which is done on various actuarial calculations, will those actuarial calculations be able to take into...

Now I am confused. In the previous group, when we were talking in anticipation about buffers and intergenerational fairness, the Minister said that there would be headroom funding. I understood that to be up front, getting the scheme up and running, but the Minister then said that that was going...

Now I am confused. In the previous group, when we were talking in anticipation about buffers and intergenerational fairness, the Minister said that there would be headroom funding. I understood that to be up front, getting the scheme up and running, but the Minister then said that that was going...

There is nothing that needs to be added; it has already been said. I just want it to be noted that I, too, support the principle behind the amendment.

There is nothing that needs to be added; it has already been said. I just want it to be noted that I, too, support the principle behind the amendment.

My Lords, I have no objection to making things the same everywhere, but last time I came across this 0.75% cap I did not ask a question, so I will now. What exactly does it cover? Compared to some SIPP investor platforms and so forth, it seems rather high. Does...

My Lords, I have no objection to making things the same everywhere, but last time I came across this 0.75% cap I did not ask a question, so I will now. What exactly does it cover? Compared to some SIPP investor platforms and so forth, it seems rather high. Does...

Moved by

Baroness Bowles of Berkhamsted

17: Clause 107, page 90, line 24, after “person” insert “wilfully, recklessly or unscrupulously”

Moved by

Baroness Bowles of Berkhamsted

17: Clause 107, page 90, line 24, after “person” insert “wilfully, recklessly or unscrupulously”

My Lords, this important group of amendments deals with the definitions of new criminal offences and new regulatory fines, and with the defences to the criminal offences. I will also speak to my Amendments 18 and 22 as well as to Amendments 23 to 26 in the name of the...

My Lords, this important group of amendments deals with the definitions of new criminal offences and new regulatory fines, and with the defences to the criminal offences. I will also speak to my Amendments 18 and 22 as well as to Amendments 23 to 26 in the name of the...

My Lords, I am sorry to rise again but I did warn the Committee. I agree that it is necessary to look again at the precise wording. I do not think that “recklessly” is covered, and it should be. It may well be a solution to remove trustees from the...

My Lords, I am sorry to rise again but I did warn the Committee. I agree that it is necessary to look again at the precise wording. I do not think that “recklessly” is covered, and it should be. It may well be a solution to remove trustees from the...

I thank the Minister for his comprehensive reply. I had intended to probe especially around the words “wilful” and “reckless”; I had a little add-on for fun. When I first thought of putting those words in after “person”, I rapidly came to the conclusion myself—I think the noble Baroness, Lady...

I thank the Minister for his comprehensive reply. I had intended to probe especially around the words “wilful” and “reckless”; I had a little add-on for fun. When I first thought of putting those words in after “person”, I rapidly came to the conclusion myself—I think the noble Baroness, Lady...

I see. I do not see why we could not have them caught in both. Anyway, we have debated this long enough. I thank the Minister for his replies, and I beg leave to withdraw the amendment.

I see. I do not see why we could not have them caught in both. Anyway, we have debated this long enough. I thank the Minister for his replies, and I beg leave to withdraw the amendment.

My Lords, I should have added my name to this amendment; I apologise for not getting around to it. It is important, as has been explained.

Another question triggered in my mind is: what information relating to the lifetime allowance will be provided for the member? You get information from a...

My Lords, I should have added my name to this amendment; I apologise for not getting around to it. It is important, as has been explained.

Another question triggered in my mind is: what information relating to the lifetime allowance will be provided for the member? You get information from a...