The noble Baroness’s second point was about the role of the Secretary of State in communicating with the trustees and why PADA could not do that directly. I am sure that there will be circumstances in which PADA will do that directly, but we must bear it in mind that...

The noble Baroness’s second point was about the role of the Secretary of State in communicating with the trustees and why PADA could not do that directly. I am sure that there will be circumstances in which PADA will do that directly, but we must bear it in mind that...

I thank the noble Baroness for tabling this group of amendments because they give me the opportunity to provide the Committee with some detail about the governance arrangements for delivering the reforms set out in the Bill, and to put into context the relationships between the different organisations involved and...

I thank the noble Baroness for tabling this group of amendments because they give me the opportunity to provide the Committee with some detail about the governance arrangements for delivering the reforms set out in the Bill, and to put into context the relationships between the different organisations involved and...

As I have outlined, there will be consultation on the statement of investment principles. Until it is complete, it is impossible to be clear about the range of funds that may be on offer. It is implicit in all discussions to date that there will, in any event, be a...

As I have outlined, there will be consultation on the statement of investment principles. Until it is complete, it is impossible to be clear about the range of funds that may be on offer. It is implicit in all discussions to date that there will, in any event, be a...

I thank each Member of the Committee who has spoken. I say to the noble Baroness, Lady Thomas, that I was aware that the noble Lord, Oakeshott, was unable to make it today. I am sure that she will ably substitute for him. The noble Lord, Lord Skelmersdale, ranged widely...

I thank each Member of the Committee who has spoken. I say to the noble Baroness, Lady Thomas, that I was aware that the noble Lord, Oakeshott, was unable to make it today. I am sure that she will ably substitute for him. The noble Lord, Lord Skelmersdale, ranged widely...

It is absolutely not right to say that trustees will have no principles. As I explained, the role of trustees is embedded in trust law in pensions legislation. The scheme that will be set up will be operated by the trustees in the light of those principles, policies and obligations....

It is absolutely not right to say that trustees will have no principles. As I explained, the role of trustees is embedded in trust law in pensions legislation. The scheme that will be set up will be operated by the trustees in the light of those principles, policies and obligations....

I do not agree with the noble Lord. The proposition is to design a low-cost scheme targeted on low to medium earners within the parameters that we are debating in the Bill. That is the wraparound of what has to be achieved and the broad remit of Tim Jones and...

I do not agree with the noble Lord. The proposition is to design a low-cost scheme targeted on low to medium earners within the parameters that we are debating in the Bill. That is the wraparound of what has to be achieved and the broad remit of Tim Jones and...

Perhaps I may clarify one point. The noble Baroness suggested that about £50 million will be spent by the end of this year but we do not know what it will be spent on. PADA will produce an annual report and be required to lay its accounts before Parliament, so...

Perhaps I may clarify one point. The noble Baroness suggested that about £50 million will be spent by the end of this year but we do not know what it will be spent on. PADA will produce an annual report and be required to lay its accounts before Parliament, so...

It depends on the circumstances in which that guidance is offered. During my time on the child maintenance programme, there was a raft of meetings with officials from the redesign team, who would discuss various options, and various steers were given. Those options were then worked up, documented and put...

It depends on the circumstances in which that guidance is offered. During my time on the child maintenance programme, there was a raft of meetings with officials from the redesign team, who would discuss various options, and various steers were given. Those options were then worked up, documented and put...

The authority has been established as an independent expert body to advise on, and take forward, implementation of the personal accounts scheme. However, it is a non-departmental public body, so accountability to Parliament for the authority’s performance in action rests ultimately with the Secretary of State. Clause 71 sets out...

The authority has been established as an independent expert body to advise on, and take forward, implementation of the personal accounts scheme. However, it is a non-departmental public body, so accountability to Parliament for the authority’s performance in action rests ultimately with the Secretary of State. Clause 71 sets out...

Clause 70 goes to the very heart of our ambitions for these reforms. It captures in legislation those matters which have shaped the development of our policy, and which must guide the authority as it moves forward with implementation. I know that we all support the goal of more people...

Clause 70 goes to the very heart of our ambitions for these reforms. It captures in legislation those matters which have shaped the development of our policy, and which must guide the authority as it moves forward with implementation. I know that we all support the goal of more people...

We have had fascinating exchanges on qualifying schemes. There are provisions in the Bill to enable schemes that are not qualifying to be easily converted into qualifying schemes to permit auto-enrolment. That is the point; we want schemes to be at least as good as the minimum that the Bill...

We have had fascinating exchanges on qualifying schemes. There are provisions in the Bill to enable schemes that are not qualifying to be easily converted into qualifying schemes to permit auto-enrolment. That is the point; we want schemes to be at least as good as the minimum that the Bill...

I start by saying that I am delighted to see the noble Baroness involved in this, as she has been involved so ably in lots of other pieces of legislation that we have debated recently. Clause 70 requires the authority to consider a number of guiding principles in carrying out...

I start by saying that I am delighted to see the noble Baroness involved in this, as she has been involved so ably in lots of other pieces of legislation that we have debated recently. Clause 70 requires the authority to consider a number of guiding principles in carrying out...

I thank the noble Baroness, Lady Noakes, for moving the amendment and the noble Lord, Lord Kirkwood, and my noble friend Lady Hollis for their contributions. The provision in Clause 70(2)(d) reflects our commitment to low charges in the personal accounts scheme. It requires the delivery authority to take account...

I thank the noble Baroness, Lady Noakes, for moving the amendment and the noble Lord, Lord Kirkwood, and my noble friend Lady Hollis for their contributions. The provision in Clause 70(2)(d) reflects our commitment to low charges in the personal accounts scheme. It requires the delivery authority to take account...

The up-to-date estimates can be given when we have done further work on the design of the scheme. If it is work in progress, we do not update estimates every single day as progress is made on the design of the scheme. No one would do that.

The up-to-date estimates can be given when we have done further work on the design of the scheme. If it is work in progress, we do not update estimates every single day as progress is made on the design of the scheme. No one would do that.

Until the detailed work on the design of the scheme and all that goes with it has been completed, it is impossible to answer that question. We need to do that work to determine what the final costs will be. I do not understand why that is a difficulty for...

Until the detailed work on the design of the scheme and all that goes with it has been completed, it is impossible to answer that question. We need to do that work to determine what the final costs will be. I do not understand why that is a difficulty for...

My Lords, I beg to move that the House do now again resolve itself into Committee on this Bill. Moved accordingly, and, on Question, Motion agreed to. House in Committee accordingly. [The DEPUTY CHAIRMAN OF COMMITTEES (Viscount Simon) in the Chair.]

My Lords, I beg to move that the House do now again resolve itself into Committee on this Bill. Moved accordingly, and, on Question, Motion agreed to. House in Committee accordingly. [The DEPUTY CHAIRMAN OF COMMITTEES (Viscount Simon) in the Chair.]

The Government have said that we are interested in the concept of risk-sharing, which is why we recently issued a consultation paper on that very topic. That paper has been welcomed in many quarters as a step in the right direction. To be clear: the consultation paper we published on...

The Government have said that we are interested in the concept of risk-sharing, which is why we recently issued a consultation paper on that very topic. That paper has been welcomed in many quarters as a step in the right direction. To be clear: the consultation paper we published on...

Who is saying that? Who are these people? Which streets is the noble Baroness travelling?

Who is saying that? Who are these people? Which streets is the noble Baroness travelling?

The import of these clauses is a regulation-making power to ensure that, through the necessary discussion with stakeholders, we can identify for the purposes of the legislation people whom we believe should be in the legislation and people who should be outside it. The clauses stand as they are because...

The import of these clauses is a regulation-making power to ensure that, through the necessary discussion with stakeholders, we can identify for the purposes of the legislation people whom we believe should be in the legislation and people who should be outside it. The clauses stand as they are because...

moved Amendments Nos. 118A to 121: 118A: Clause 86, page 41, line 39, after ““between”” insert ““the provider of”” 119: Clause 86, page 42, line 12, leave out ““““employee”””” 120: Clause 86, page 42, line 12, after ““““employment”””” insert ““and related expressions”” 121: Clause 86, page 42, leave out lines...

moved Amendments Nos. 118A to 121: 118A: Clause 86, page 41, line 39, after ““between”” insert ““the provider of”” 119: Clause 86, page 42, line 12, leave out ““““employee”””” 120: Clause 86, page 42, line 12, after ““““employment”””” insert ““and related expressions”” 121: Clause 86, page 42, leave out lines...