To ask His Majesty's Government what is the annual tax cost of exempting rail operators from the climate change levy on their purchase of electricity.

To ask His Majesty's Government what is the annual tax cost of exempting rail operators from the climate change levy on their purchase of electricity.

Lords committee stage eighth day. Clause 118 agreed to. Schedule agreed to. Clauses 119 to 123 agreed to. Bill reported with amendments (HL Bill 169).

Lords committee stage eighth day. Clause 118 agreed to. Schedule agreed to. Clauses 119 to 123 agreed to. Bill reported with amendments (HL Bill 169).

Moved by

Viscount Younger of Leckie

207: After Clause 117, insert the following new Clause—

“Review of impact of this Act on retirement incomes

(1) The Secretary of State must, within five years of the passing of this Act, carry out a review of the impact of the provisions of this Act on actual...

Moved by

Viscount Younger of Leckie

207: After Clause 117, insert the following new Clause—

“Review of impact of this Act on retirement incomes

(1) The Secretary of State must, within five years of the passing of this Act, carry out a review of the impact of the provisions of this Act on actual...

I hope noble Lords have had a restful recess. It is a pleasure to open the first debate on the final day in Committee on this Bill, and I look forward to hearing further and final contributions from noble Lords on this stage of the Bill.

Today, we continue to discuss...

I hope noble Lords have had a restful recess. It is a pleasure to open the first debate on the final day in Committee on this Bill, and I look forward to hearing further and final contributions from noble Lords on this stage of the Bill.

Today, we continue to discuss...

My Lords, I will intervene briefly in support of my noble friend’s amendment—not on the specifics but because, having read again the 42nd report of the Delegated Powers and Regulatory Reform Committee, which refers directly to this legislation, it has become ever more obvious that this skeleton, which has taken...

My Lords, I will intervene briefly in support of my noble friend’s amendment—not on the specifics but because, having read again the 42nd report of the Delegated Powers and Regulatory Reform Committee, which refers directly to this legislation, it has become ever more obvious that this skeleton, which has taken...

There can be no objection in principle to having a review; all public policies should be open to review. The objections are practical, such as whether it would be a waste of time for the people who would have to undertake the review, who might have better things to do....

There can be no objection in principle to having a review; all public policies should be open to review. The objections are practical, such as whether it would be a waste of time for the people who would have to undertake the review, who might have better things to do....

That is always best.

That is always best.

This is about impartial pensions advice. Had I heard the noble Lord’s speech, I would have said that I did not accept his arguments. What I want is a pensions system that works without people needing advice. Proper pensions advice is extremely expensive, and on the idea that everyone will...

This is about impartial pensions advice. Had I heard the noble Lord’s speech, I would have said that I did not accept his arguments. What I want is a pensions system that works without people needing advice. Proper pensions advice is extremely expensive, and on the idea that everyone will...

My Lords, I say to the noble Lord, Lord Davies, that no apology is needed.

This is a wide-ranging set of review and process amendments. The noble Viscount, Lord Younger, explained what I think he described as his “modest” amendments—indeed, they are. The noble Lord, Lord Kirkhope, said that this was...

My Lords, I say to the noble Lord, Lord Davies, that no apology is needed.

This is a wide-ranging set of review and process amendments. The noble Viscount, Lord Younger, explained what I think he described as his “modest” amendments—indeed, they are. The noble Lord, Lord Kirkhope, said that this was...

I am grateful to all noble Lords who introduced and spoke to these varied amendments. The range of subjects covered here shows the interest across the whole pensions landscape, but at heart is the objective that we all share of putting members first.

There was a theme around adequacy in Amendments...

I am grateful to all noble Lords who introduced and spoke to these varied amendments. The range of subjects covered here shows the interest across the whole pensions landscape, but at heart is the objective that we all share of putting members first.

There was a theme around adequacy in Amendments...

My Lords, I am very conscious that I spoke at some length in my opening speech, so I will be brief in closing and do not

intend to question the Minister too much on the points that she made. I will say only that, as my noble friend Lord Kirkhope...

My Lords, I am very conscious that I spoke at some length in my opening speech, so I will be brief in closing and do not

intend to question the Minister too much on the points that she made. I will say only that, as my noble friend Lord Kirkhope...

A letter is being prepared and will be sent after Committee. I want to put on record the timings and to be very clear about them. The interim report will be published this spring, and the aim is for the final report to be in early 2027. I will put...

A letter is being prepared and will be sent after Committee. I want to put on record the timings and to be very clear about them. The interim report will be published this spring, and the aim is for the final report to be in early 2027. I will put...

I am sorry to labour this like a long-playing record, but will pensions adequacy be included in that report? Or are we looking for something further?

I am sorry to labour this like a long-playing record, but will pensions adequacy be included in that report? Or are we looking for something further?

The Pensions Commission is there to look at the adequacy and sustainability of the pension system; that is its job.

The Pensions Commission is there to look at the adequacy and sustainability of the pension system; that is its job.

I would be grateful if the Minister would let me look at the letter, anyway; it is important to see that in detail.

To conclude, I want to pick up on Amendment 214 in the name of the noble Lord, Lord Palmer, concerning a universal pension advice entitlement. The context for...

I would be grateful if the Minister would let me look at the letter, anyway; it is important to see that in detail.

To conclude, I want to pick up on Amendment 214 in the name of the noble Lord, Lord Palmer, concerning a universal pension advice entitlement. The context for...

Moved by

Viscount Younger of Leckie

208: After Clause 117, insert the following new Clause—

“Review of pension communications and financial promotion rules

(1) The Secretary of State must, within 12 months of the day on which this Act is passed, conduct a review of all legislation and regulatory rules governing marketing, financial promotion...

Moved by

Viscount Younger of Leckie

208: After Clause 117, insert the following new Clause—

“Review of pension communications and financial promotion rules

(1) The Secretary of State must, within 12 months of the day on which this Act is passed, conduct a review of all legislation and regulatory rules governing marketing, financial promotion...

My Lords, I shall speak to the two amendments in this group, Amendments 208 and 210, tabled in my name. The proposed new clause in Amendment 208 would create a permissive power for Ministers to help employers to understand and navigate the different pension options available to them, including the...

My Lords, I shall speak to the two amendments in this group, Amendments 208 and 210, tabled in my name. The proposed new clause in Amendment 208 would create a permissive power for Ministers to help employers to understand and navigate the different pension options available to them, including the...

My Lords, I forgive the technicalities. This group—I will not speak at length on it—focuses on employer communications and decision-making. These are not peripheral issues. Poor communications, which there often are, and unclear boundaries between information, guidance and advice, can directly affect member outcomes. Amendment 208 asks for a review...

My Lords, I forgive the technicalities. This group—I will not speak at length on it—focuses on employer communications and decision-making. These are not peripheral issues. Poor communications, which there often are, and unclear boundaries between information, guidance and advice, can directly affect member outcomes. Amendment 208 asks for a review...