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To ask Her Majesty’s Government whether they will review, or charge others to review, the performance of the trustees of the BHS pension schemes, and whether the current trustees are fit and proper to continue performing that role at BHS and other pension schemes.
To ask Her Majesty’s Government whether they will review, or charge others to review, the performance of the trustees of the BHS pension schemes, and whether the current trustees are fit and proper to continue performing that role at BHS and other pension schemes.
The investigation into the BHS pension schemes, including the role of the trustees, is a matter for the independent Pensions Regulator.
The actions of the trustees and competence of the trustees are among the issues that we would expect the Regulator to be considering as part of its investigations.
To ask Her Majesty’s Government whether they, the Pensions Regulator, or the Pension Protection Fund have in the last three years had discussions with BHS, Lady Green or Sir Philip Green concerning the deficit in the BHS pension fund and a scheme to reduce that deficit.
To ask Her Majesty’s Government whether they, the Pensions Regulator, or the Pension Protection Fund have in the last three years had discussions with BHS, Lady Green or Sir Philip Green concerning the deficit in the BHS pension fund and a scheme to reduce that deficit.
The Pensions Regulator and the Pension Protection Fund are independent bodies and in carrying out their functions they may meet individuals involved with pension schemes.
Ministers have engaged with a range of sponsoring employers of Defined Benefit pensions schemes as a matter of routine, including Sir Philip Green, as part of their normal considerations of the pensions landscape but oversight of the scheme funding regime for Defined Benefit schemes is a matter for the Pensions Regulator. It would not be appropriate for Ministers to intervene in individual cases or to discuss with the Regulator, the Pension Protection Fund or the scheme sponsor how a particular scheme’s pension deficit should be mitigated.
To ask Her Majesty’s Government whether the BHS pension fund has now transferred to the Pension Protection Fund (PPF) or whether the owner, former owner, or secured creditors are still able to make a financial contribution to obviate a need to transfer the fund to the PPF.
To ask Her Majesty’s Government whether the BHS pension fund has now transferred to the Pension Protection Fund (PPF) or whether the owner, former owner, or secured creditors are still able to make a financial contribution to obviate a need to transfer the fund to the PPF.
The BHS pension schemes are in Pension Protection Fund (PPF) assessment periods. During this period the schemes are able to accept contributions from the sponsoring employer to cover its debts to the schemes. They are also able to receive recoveries as a creditor or through the use of the Regulator’s powers. If the scheme assets are shown to be sufficient to buy its members annuities at least as good as the compensation paid by the PPF, the scheme will not transfer into the PPF.
To ask Her Majesty’s Government, further to the Written Answer by Baroness Altmann on 28 April (HL7905), whether the Pensions Regulator has taken any action in the case of the BHS pension scheme in order to fulfil its statutory duty to reduce the risk of situations that may lead to...
To ask Her Majesty’s Government, further to the Written Answer by Baroness Altmann on 28 April (HL7905), whether the Pensions Regulator has taken any action in the case of the BHS pension scheme in order to fulfil its statutory duty to reduce the risk of situations that may lead to...
The investigation into the BHS pension schemes and any associated action is a matter for the independent Pensions Regulator.
Once the Regulator has completed its investigation, any subsequent determination will be published on its website.
The Government considers that the Pensions Act 2004 provides the Regulator with a sufficient range of measures to protect pension scheme members and the Pension Protection Fund, including anti-avoidance powers to enable it to act where corporate transactions are aimed at avoiding debts to the pension scheme. The powers of the Regulator are kept under review.
My Lords, I, too, congratulate my noble friend Lord Farmer on securing this debate today, and also thank all Members from all sides of the House who contributed to the discussion.
This is a priority issue for the Government. When we talk about life chances, what we mean is a relentless...
My Lords, I, too, congratulate my noble friend Lord Farmer on securing this debate today, and also thank all Members from all sides of the House who contributed to the discussion.
This is a priority issue for the Government. When we talk about life chances, what we mean is a relentless...
As the noble Lord is well aware, I cannot anticipate what will be in the Queen’s Speech, but I can certainly repeat that the family test is applied to all new policies developed by this Government.
My noble friend Lord Shinkwin made an emotional and passionate intervention on something that I...
As the noble Lord is well aware, I cannot anticipate what will be in the Queen’s Speech, but I can certainly repeat that the family test is applied to all new policies developed by this Government.
My noble friend Lord Shinkwin made an emotional and passionate intervention on something that I...
Lords question for short debate on what steps they are taking to deliver the Life Chances Strategy to transform the lives of the most disadvantaged people in Britain, as outlined by the Prime Minister on 11 January.
Lords question for short debate on what steps they are taking to deliver the Life Chances Strategy to transform the lives of the most disadvantaged people in Britain, as outlined by the Prime Minister on 11 January.
To ask Her Majesty’s Government whether they will publish an estimate of the likely impact of the additional levy that will be imposed on well managed and solvent pension schemes in relation to the BHS pension schemes.
To ask Her Majesty’s Government whether they will publish an estimate of the likely impact of the additional levy that will be imposed on well managed and solvent pension schemes in relation to the BHS pension schemes.
Parliament gave the Pensions Protection Fund independence in how it operates. The PPF sets the pension protection levy at the level it considers necessary to meet its long term funding strategy rather than in direct response to recent claims. Factors relevant to the level of the levy include: the PPF’s existing funding position (£3.6bn in reserves at March 2015); the potential level of future claims; the potential level of assets that may be received from transferred schemes; and expected future investment returns.
To ask Her Majesty’s Government how many applicants for Maternity Allowance last year were also in receipt of a state pension.
To ask Her Majesty’s Government how many applicants for Maternity Allowance last year were also in receipt of a state pension.
The information requested is not readily available and to provide it would incur disproportionate cost.
My Lords, I first assure the noble Baroness and the House that this Government have always been, and continue to be, fully committed to engaging with disabled people and organisations such as Disability Benefits Consortium and Disability Rights UK. I know that the Minister for Disabled People met the noble...
My Lords, I first assure the noble Baroness and the House that this Government have always been, and continue to be, fully committed to engaging with disabled people and organisations such as Disability Benefits Consortium and Disability Rights UK. I know that the Minister for Disabled People met the noble...
My Lords, I can only assure the House again that the aim of PIP is to make sure that the assessment looks at the individual and their needs, unlike the previous system, where there was no face-to-face assessment and decisions were made without the professional medical advice which we have...
My Lords, I can only assure the House again that the aim of PIP is to make sure that the assessment looks at the individual and their needs, unlike the previous system, where there was no face-to-face assessment and decisions were made without the professional medical advice which we have...
I thank the noble Lord for his question. I can assure him from my own experience that it is important that we have any statistics properly verified before they are released as official statistics. We will release relevant data, and if we have any further information, I will be happy...
I thank the noble Lord for his question. I can assure him from my own experience that it is important that we have any statistics properly verified before they are released as official statistics. We will release relevant data, and if we have any further information, I will be happy...
To reiterate for the noble Baroness, if a claimant cannot walk up to 50 metres safely, reliably, repeatedly and in a timely manner, they are guaranteed to receive the enhanced rate of the mobility component. Therefore, there is not a strict 20-metre rule. There is discretion, and an individual assessment...
To reiterate for the noble Baroness, if a claimant cannot walk up to 50 metres safely, reliably, repeatedly and in a timely manner, they are guaranteed to receive the enhanced rate of the mobility component. Therefore, there is not a strict 20-metre rule. There is discretion, and an individual assessment...
I thank the noble Lord. The general point I am trying to make is that we are not convinced that there is the problem being identified or described by many noble Lords. If there are problems in the assessment process—of course, it relies on human beings and it is possible...
I thank the noble Lord. The general point I am trying to make is that we are not convinced that there is the problem being identified or described by many noble Lords. If there are problems in the assessment process—of course, it relies on human beings and it is possible...
I thank the noble Lord, and I stress again that we were always aware that there would be people who would lose their Motability cars when we changed from a system that relied on lifetime awards and did not assess people’s current circumstances, to one that does. If someone’s is...
I thank the noble Lord, and I stress again that we were always aware that there would be people who would lose their Motability cars when we changed from a system that relied on lifetime awards and did not assess people’s current circumstances, to one that does. If someone’s is...
Of course, I do not have those figures to hand and I do not know whether they are available. It is not a strict 20-metre rule—it is an indication—and I repeat that if somebody can walk more than 20 metres, they can still get the enhanced rate component; it does...
Of course, I do not have those figures to hand and I do not know whether they are available. It is not a strict 20-metre rule—it is an indication—and I repeat that if somebody can walk more than 20 metres, they can still get the enhanced rate component; it does...
Lords motion to resolve that this House calls on Her Majesty’s Government to hold urgent talks with Disability Rights UK and the Disability Benefits Consortium to identify a mobility criterion in the Personal Independence Payment “moving around” assessment which is fairer than the current 20 metre distance, in the light of the impact on reassessed disabled claimants and the resulting large number of successful appeals. Agreed to on question.
Lords motion to resolve that this House calls on Her Majesty’s Government to hold urgent talks with Disability Rights UK and the Disability Benefits Consortium to identify a mobility criterion in the Personal Independence Payment “moving around” assessment which is fairer than the current 20 metre distance, in the light...
To ask Her Majesty’s Government whether the Pensions Regulator will appoint an investment bank and retail consultancy to support its investigation into the events preceding BHS going into administration.
To ask Her Majesty’s Government whether the Pensions Regulator will appoint an investment bank and retail consultancy to support its investigation into the events preceding BHS going into administration.
Parliament gave the Pensions Regulator independence in how it operates. It is for the Regulator to determine how it wishes to undertake any investigation into matters relating to the BHS pension scheme.
To ask Her Majesty’s Government whether they will review decisions taken by the Pensions Regulator in connection with the BHS pension schemes.
To ask Her Majesty’s Government whether they will review decisions taken by the Pensions Regulator in connection with the BHS pension schemes.
In accordance with Parliament’s wishes, the Regulator has operational independence. Whilst performance against its key targets is regularly reviewed by the Department, this does not encompass its regulatory decision-making or the conduct of its investigations. It would be entirely inappropriate and improper for Ministers to comment on or intervene in these areas.
To ask Her Majesty’s Government whether they will order an inquiry into actions taken by the trustees of the BHS pension schemes in agreeing revisions to funding rates and supporting the sale of the employer.
To ask Her Majesty’s Government whether they will order an inquiry into actions taken by the trustees of the BHS pension schemes in agreeing revisions to funding rates and supporting the sale of the employer.
The Pensions Regulator regulates work-based pension schemes, including trust-based schemes. In accordance with Parliament’s wishes, it has operational independence so it would be entirely inappropriate for Ministers to intervene in its decisions or on-going investigations.