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Letter dated 09/04/2014 from Lord Freud to Baroness Sherlock regarding Pensions Bill: Lords consideration of Commons reasons - clarification of a statistic. 1 p.
Letter dated 09/04/2014 from Lord Freud to Baroness Sherlock regarding Pensions Bill: Lords consideration of Commons reasons - clarification of a statistic. 1 p.
Lords motion not to insist on its amendment 1, to which the Commons have disagreed. Commons reason agreed to.
Lords motion not to insist on its amendment 1, to which the Commons have disagreed. Commons reason agreed to.
Moved by
Lord Freud
Moved by
Lord Freud
My Lords, this amendment is the one outstanding issue of a Pensions Bill that will radically reform the state pension system, providing a clear, simple platform on which to save for retirement. This Government want people to build up a full entitlement to this new pension, to give them this...
My Lords, this amendment is the one outstanding issue of a Pensions Bill that will radically reform the state pension system, providing a clear, simple platform on which to save for retirement. This Government want people to build up a full entitlement to this new pension, to give them this...
My Lords, first, I thank the Minister and his honourable friend in the other place, Steve Webb, for briefing me on their position before our amendment went to the Commons to be overturned. I appreciated their courtesy then in the same way that I appreciate the Minister’s generosity today. I...
My Lords, first, I thank the Minister and his honourable friend in the other place, Steve Webb, for briefing me on their position before our amendment went to the Commons to be overturned. I appreciated their courtesy then in the same way that I appreciate the Minister’s generosity today. I...
My Lords, I say to my noble friend that the noble Baroness makes a devastating case in favour of those people who take advantage of flexible labour markets. All my political life we have been trying to create more flexibility in the labour market and more opportunities for women. As...
My Lords, I say to my noble friend that the noble Baroness makes a devastating case in favour of those people who take advantage of flexible labour markets. All my political life we have been trying to create more flexibility in the labour market and more opportunities for women. As...
My Lords, I support the two previous speakers, particularly my noble friend Lady Hollis. This issue was well aired in Committee and at later stages. At the moment it predominantly affects women. I welcome the Minister’s statement, but I am aware that we are not too far away from a...
My Lords, I support the two previous speakers, particularly my noble friend Lady Hollis. This issue was well aired in Committee and at later stages. At the moment it predominantly affects women. I welcome the Minister’s statement, but I am aware that we are not too far away from a...
My Lords, I am slightly confused by the remarks of my noble friend Lord Forsyth because he referred to a survey. When my noble friend the Minister spoke, I could have sworn that he was talking about a review, and there is more than a slight difference between a survey...
My Lords, I am slightly confused by the remarks of my noble friend Lord Forsyth because he referred to a survey. When my noble friend the Minister spoke, I could have sworn that he was talking about a review, and there is more than a slight difference between a survey...
My Lords, when I heard mention of the Minister in the other place, two words came to mind: “kitchen” and “sink”. Indeed, the Minister claimed that there were 17 logical flaws in the case the Lords had put forward. However, it was not clear to me which were the objections...
My Lords, when I heard mention of the Minister in the other place, two words came to mind: “kitchen” and “sink”. Indeed, the Minister claimed that there were 17 logical flaws in the case the Lords had put forward. However, it was not clear to me which were the objections...
My Lords, as the opposition winder, I have rarely felt more redundant. If the Minister had seen the nodding of heads going on from all Benches, including those behind him, he might begin to think that accepting the amendment would have been the easier path in the long run. I...
My Lords, as the opposition winder, I have rarely felt more redundant. If the Minister had seen the nodding of heads going on from all Benches, including those behind him, he might begin to think that accepting the amendment would have been the easier path in the long run. I...
My Lords, again, I record my thanks to those who have contributed to the discussions on this issue, in particular, of course, the noble Baroness, Lady Hollis, who has shone a spotlight on this group of people.
I will pick up a few of the points that have been made today....
My Lords, again, I record my thanks to those who have contributed to the discussions on this issue, in particular, of course, the noble Baroness, Lady Hollis, who has shone a spotlight on this group of people.
I will pick up a few of the points that have been made today....
I shall read my noble friend’s words carefully in Hansard, but they sounded to me like a commitment that he would address this problem one way or the other. Is that what he was saying?
I shall read my noble friend’s words carefully in Hansard, but they sounded to me like a commitment that he would address this problem one way or the other. Is that what he was saying?
I was saying that we now have a base on which to look at this problem, see what it is and, on that basis, decide how to deal with it.
I was saying that we now have a base on which to look at this problem, see what it is and, on that basis, decide how to deal with it.
When my noble friend has decided how to deal with it, will he then deal with it?
When my noble friend has decided how to deal with it, will he then deal with it?
I would be pretty surprised if, when one had reached a decision on how to deal with something, one did not get on with trying to deal with it.
On the timetable, we have the power to introduce credits anyway—that is a point that I have already made—but it would take...
I would be pretty surprised if, when one had reached a decision on how to deal with something, one did not get on with trying to deal with it.
On the timetable, we have the power to introduce credits anyway—that is a point that I have already made—but it would take...
To ask the Secretary of State for Work and Pensions what the rationale was for the provisions in the Pensions Bill which allow employers to differentiate pension conditions between previous public sector employees now working in privatised companies and protected persons.
To ask the Secretary of State for Work and Pensions what the rationale was for the provisions in the Pensions Bill which allow employers to differentiate pension conditions between previous public sector employees now working in privatised companies and protected persons.
The Pensions Bill creates a statutory override designed to allow employers, to a very limited extent, to make changes to the scheme to recover the increased cost of national insurance that follows from the introduction of the single tier pension.
Protected persons are a small group of individuals (approximately 60,000) employed in some formerly nationalised industries, namely rail, including Transport for London, electricity, coal, nuclear waste and decommissioning, where the employers are limited in their ability to change scheme rules by legislation made at the time of privatisation. This legislation prevents employers from making changes to the pension benefits offered to those employees who were previously employed by the state. The Pensions Bill reaffirms that restriction.
This is a very different situation to other privatisations where a trust deed, rules or other undertaking was made at the time of privatisation, which was not endorsed by Parliament in the same way.
The important distinction we have made is that where duties to restrict changes to the future pension rights of specific workers, in specific industries have been enshrined in law and endorsed by Parliament, the statutory override should not allow employers to disregard that legislation.
It should also be noted that contractual agreements between public sector organisations and third parties, which may provide pension protection for staff now working in private companies, are not affected by the statutory override.
My honourable friend, The Minister for Pensions (Steve Webb MP) has made the following Written Ministerial Statement.
Following an announcement in the Budget, I am today providing further details on a new class of voluntary National Insurance contribution, Class 3A. We are calling this the State Pension top up and it...
My honourable friend, The Minister for Pensions (Steve Webb MP) has made the following Written Ministerial Statement.
Following an announcement in the Budget, I am today providing further details on a new class of voluntary National Insurance contribution, Class 3A. We are calling this the State Pension top up and it...