Lords second reading. Agreed to on question. Bill committed to a Committee of the Whole House.

Lords second reading. Agreed to on question. Bill committed to a Committee of the Whole House.

My Lords, I begin by recognising the work of the noble Lord, Lord Sharkey, in bringing forward the Bill, and bringing this issue to this House on multiple occasions on behalf of thousands of families who are affected by this issue. I also commend his efforts in his role as...

My Lords, I begin by recognising the work of the noble Lord, Lord Sharkey, in bringing forward the Bill, and bringing this issue to this House on multiple occasions on behalf of thousands of families who are affected by this issue. I also commend his efforts in his role as...

My Lords, mortgage prisoners are people who are stuck with their existing lenders and cannot access a better deal such as a fixed rate. As a result, mortgage prisoners continue to pay interest rates on their mortgages at around four percentage points over normal market rates, costing them hundreds

of...

My Lords, mortgage prisoners are people who are stuck with their existing lenders and cannot access a better deal such as a fixed rate. As a result, mortgage prisoners continue to pay interest rates on their mortgages at around four percentage points over normal market rates, costing them hundreds

of...

My Lords, I apologise to the noble Lord, Lord Sharkey, and to the House for being a few seconds late, due to a power failure on the rail network. I welcome the opportunity to participate on his Bill and I thank the noble Lord for his persistence.

Seemingly, the FCA’s response...

My Lords, I apologise to the noble Lord, Lord Sharkey, and to the House for being a few seconds late, due to a power failure on the rail network. I welcome the opportunity to participate on his Bill and I thank the noble Lord for his persistence.

Seemingly, the FCA’s response...

My Lords, I want to begin with a confession: I did not know much about the scandal of mortgage prisoners until just a few weeks ago. It surprised me how long this has been left unresolved. I felt compelled to speak to the plight of mortgage prisoners because, when a...

My Lords, I want to begin with a confession: I did not know much about the scandal of mortgage prisoners until just a few weeks ago. It surprised me how long this has been left unresolved. I felt compelled to speak to the plight of mortgage prisoners because, when a...

My Lords, it is a pleasure to follow the right reverend Prelate the Bishop of Chelmsford, who really cut to the nub of this issue and the reason for this Bill. This is a case of extreme, long-term injustice in which people suffer through absolutely no fault of their own....

My Lords, it is a pleasure to follow the right reverend Prelate the Bishop of Chelmsford, who really cut to the nub of this issue and the reason for this Bill. This is a case of extreme, long-term injustice in which people suffer through absolutely no fault of their own....

My Lords, it is a pleasure to speak in this debate. I begin by congratulating the noble Lord, Lord Sharkey, on his Bill and on his opening speech today. I thank him for bringing this issue to the attention of your Lordships’ House, not only through this Bill but through...

My Lords, it is a pleasure to speak in this debate. I begin by congratulating the noble Lord, Lord Sharkey, on his Bill and on his opening speech today. I thank him for bringing this issue to the attention of your Lordships’ House, not only through this Bill but through...

The noble Lord did not refer to my questions about the UK Financial Ombudsman Service. I understand that this is a new situation. Perhaps he could write to me about that.

The noble Lord did not refer to my questions about the UK Financial Ombudsman Service. I understand that this is a new situation. Perhaps he could write to me about that.

I will happily do so.

12.14 pm

I will happily do so.

12.14 pm

My Lords, I thank everybody who has spoken so very powerfully about the plight of the mortgage prisoners. It is important to make one point about the mortgage prisoners: they are like everybody else in every other respect. They are not a delinquent or feckless part of society. They are...

My Lords, I thank everybody who has spoken so very powerfully about the plight of the mortgage prisoners. It is important to make one point about the mortgage prisoners: they are like everybody else in every other respect. They are not a delinquent or feckless part of society. They are...

As I tried to indicate in my remarks, we will continue to engage and look at that report, but I cannot guarantee a reply on any particular timescale.

As I tried to indicate in my remarks, we will continue to engage and look at that report, but I cannot guarantee a reply on any particular timescale.

I close by reminding everybody that this is a current situation. Lots of people are suffering very badly indeed because of it, and it is not getting any better. So I close with Lenin’s favourite question: what is to be done? I beg to move.

I close by reminding everybody that this is a current situation. Lots of people are suffering very badly indeed because of it, and it is not getting any better. So I close with Lenin’s favourite question: what is to be done? I beg to move.

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of providing compensation for small shareholders for the loss of shares in Northern Rock Plc.

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of providing compensation for small shareholders for the loss of shares in Northern Rock Plc.

This proposed law would require the government to hold a public inquiry as soon as reasonably practicable into the circumstances surrounding mortgage prisoners.

This proposed law would require the government to hold a public inquiry as soon as reasonably practicable into the circumstances surrounding mortgage prisoners.

To ask the Chancellor of the Exchequer, if she will take steps to help compensate small shareholders impacted by the nationalisation of Northern Rock PLC.

To ask the Chancellor of the Exchequer, if she will take steps to help compensate small shareholders impacted by the nationalisation of Northern Rock PLC.

Letter dated 16/09/2021 from Viscount Younger of Leckie to Peers regarding the Public Service Pensions and Judicial Offices Bill: issues raised at second reading: Judicial Mandatory Retirement Age consultation and transitional provisions for changes, diversity in senior courts, cost of remedy and valuations, 2020 valuations, cost control mechanism consultation, implementation of remedy, guidance for members, compensation, police service, HM Treasury Directions, and tax. 6p.

Letter dated 16/09/2021 from Viscount Younger of Leckie to Peers regarding the Public Service Pensions and Judicial Offices Bill: issues raised at second reading: Judicial Mandatory Retirement Age consultation and transitional provisions for changes, diversity in senior courts, cost of remedy and valuations, 2020 valuations, cost control mechanism consultation, implementation...

My Lords, first, I need to mention my entry in the register of interests. I have had an actuarial career, largely advising a range of trade unions about their members’ pension schemes, including most public service schemes covered by the Bill, but I am no longer actively engaged in such...

My Lords, first, I need to mention my entry in the register of interests. I have had an actuarial career, largely advising a range of trade unions about their members’ pension schemes, including most public service schemes covered by the Bill, but I am no longer actively engaged in such...

My Lords, I too thank the Minister for his clear and succinct introduction. As he said, this legislation is necessary to remedy the effects of the McCloud judgment relating to the Public Service Pensions Act 2013. I rise to highlight some of our concerns in a number of areas.

The first...

My Lords, I too thank the Minister for his clear and succinct introduction. As he said, this legislation is necessary to remedy the effects of the McCloud judgment relating to the Public Service Pensions Act 2013. I rise to highlight some of our concerns in a number of areas.

The first...

My Lords, I welcome the Government’s action in promoting this Bill, and I hope it will be enacted without delay. In that regard, I was rather concerned to hear the submissions of the noble Lord, Lord Davies, which indicated that perhaps it will not be as straightforward a process as...

My Lords, I welcome the Government’s action in promoting this Bill, and I hope it will be enacted without delay. In that regard, I was rather concerned to hear the submissions of the noble Lord, Lord Davies, which indicated that perhaps it will not be as straightforward a process as...

My Lords, I am in a rather unique position, because I was responsible for the introduction of the changes in 1993 that reduced the retirement age from 75 to 70 for most judicial offices. The proposal at that time was generated I think by a desire to make it clear...

My Lords, I am in a rather unique position, because I was responsible for the introduction of the changes in 1993 that reduced the retirement age from 75 to 70 for most judicial offices. The proposal at that time was generated I think by a desire to make it clear...