My Lords, I am very grateful to the noble Lord, Lord Skelmersdale, because he has given me an opportunity, as it may have occurred to other noble Lords to do, to add things to the shopping list of items under review. This is a splendid opportunity, although I do not...

My Lords, I am very grateful to the noble Lord, Lord Skelmersdale, because he has given me an opportunity, as it may have occurred to other noble Lords to do, to add things to the shopping list of items under review. This is a splendid opportunity, although I do not...

My Lords, the Minister said that, when considering the information that would be included in the annual report of the trustee corporation, the Government were going to wait for what PADA recommended. I was making a point about parliamentary accountability, on which PADA is not an expert. It might be...

My Lords, the Minister said that, when considering the information that would be included in the annual report of the trustee corporation, the Government were going to wait for what PADA recommended. I was making a point about parliamentary accountability, on which PADA is not an expert. It might be...

My Lords, it is a pity that we will end our deliberations today on a less happy note than we have achieved for much of Report to date. We remain concerned that the Government even talk the language of subsidy. The Minister said that it will not be unfair and...

My Lords, it is a pity that we will end our deliberations today on a less happy note than we have achieved for much of Report to date. We remain concerned that the Government even talk the language of subsidy. The Minister said that it will not be unfair and...

My Lords, noble Lords may recall that in Committee we discussed the arrangements for the trustee corporation that will manage the day-to-day running of the personal accounts scheme. In particular, we debated whether there will be a committee with responsibility for reviewing the corporation’s internal financial controls. It may help...

My Lords, noble Lords may recall that in Committee we discussed the arrangements for the trustee corporation that will manage the day-to-day running of the personal accounts scheme. In particular, we debated whether there will be a committee with responsibility for reviewing the corporation’s internal financial controls. It may help...

My Lords, I thank the Minister for that response. I should have given him notice that I intended to ask him about competition law. However, I await his written response on that point. Even if the noble Lord, Lord Oakeshott, does not understand the nature of the concerns about whether...

My Lords, I thank the Minister for that response. I should have given him notice that I intended to ask him about competition law. However, I await his written response on that point. Even if the noble Lord, Lord Oakeshott, does not understand the nature of the concerns about whether...

moved Amendment No. 53: 53: After Clause 72, insert the following new Clause— ““Review of the pension scheme (1) The Secretary of State shall lay before both Houses of Parliament a report five years after the establishment of a scheme under section 66. (2) The Secretary of State must consider...

moved Amendment No. 53: 53: After Clause 72, insert the following new Clause— ““Review of the pension scheme (1) The Secretary of State shall lay before both Houses of Parliament a report five years after the establishment of a scheme under section 66. (2) The Secretary of State must consider...

My Lords, as noble Lords will be aware, we have committed to having a review in 2017 of two of the measures that will focus the personal accounts scheme on its target market. We have stated on a number of occasions that the review will focus on the annual contribution...

My Lords, as noble Lords will be aware, we have committed to having a review in 2017 of two of the measures that will focus the personal accounts scheme on its target market. We have stated on a number of occasions that the review will focus on the annual contribution...

My Lords, I congratulate the noble Baroness on her ingenuity. No one is better than her at spotting a Christmas tree to start hanging things on. As an opposition spokesman who may well be an opposition spokesman in a few years, although Governments may change, I am always sympathetic to...

My Lords, I congratulate the noble Baroness on her ingenuity. No one is better than her at spotting a Christmas tree to start hanging things on. As an opposition spokesman who may well be an opposition spokesman in a few years, although Governments may change, I am always sympathetic to...

My Lords, I understand that and am grateful for my noble friend’s input. I cannot give a commitment that what we come back with will include that provision but I am sure that in any event there will be other, ongoing ways to assess these issues. Fundamentally, we agree with...

My Lords, I understand that and am grateful for my noble friend’s input. I cannot give a commitment that what we come back with will include that provision but I am sure that in any event there will be other, ongoing ways to assess these issues. Fundamentally, we agree with...

My Lords, for the avoidance of doubt, I want to make it clear, because I would not wish to embarrass the EEF or the Federation of Small Businesses, that they would be happy to see the review. That was not a commitment to its outcome.

My Lords, for the avoidance of doubt, I want to make it clear, because I would not wish to embarrass the EEF or the Federation of Small Businesses, that they would be happy to see the review. That was not a commitment to its outcome.

moved Amendment No. 54: 54: Schedule 1, page 75, line 11, at end insert— ““( ) The Secretary of State shall consult the chair of the corporation before appointing any other members of the corporation under sub-paragraph (1)(a).”” The noble Baroness said: My Lords, Amendment No. 54 amends paragraph 1...

moved Amendment No. 54: 54: Schedule 1, page 75, line 11, at end insert— ““( ) The Secretary of State shall consult the chair of the corporation before appointing any other members of the corporation under sub-paragraph (1)(a).”” The noble Baroness said: My Lords, Amendment No. 54 amends paragraph 1...

My Lords, in a previous existence, a noble friend of mine used the expression ““gobsmacked””. That probably describes my attitude at this moment. I am of course delighted with the Minister’s response to the amendment. Perhaps I may say to the noble Baroness, Lady Hollis, that subsection (2) of my...

My Lords, in a previous existence, a noble friend of mine used the expression ““gobsmacked””. That probably describes my attitude at this moment. I am of course delighted with the Minister’s response to the amendment. Perhaps I may say to the noble Baroness, Lady Hollis, that subsection (2) of my...

My Lords, I support the amendment. I am grateful to the noble Baroness for reminding us of the nonsense to which we were treated by the Minister in Committee. I find this quite extraordinary. I am not just saying that as someone who has quite a lot of private sector...

My Lords, I support the amendment. I am grateful to the noble Baroness for reminding us of the nonsense to which we were treated by the Minister in Committee. I find this quite extraordinary. I am not just saying that as someone who has quite a lot of private sector...

moved Amendment No. 58: 58: Schedule 1, page 80, line 42, leave out ““and”” and insert— ““( ) any information the Secretary of State directs relating to the financial position of any pension scheme established under section 66 for which the trustee corporation acts as trustee, and”” The noble Baroness...

moved Amendment No. 58: 58: Schedule 1, page 80, line 42, leave out ““and”” and insert— ““( ) any information the Secretary of State directs relating to the financial position of any pension scheme established under section 66 for which the trustee corporation acts as trustee, and”” The noble Baroness...

My Lords, I am grateful for the amendment, because it gives us the chance to try to produce some clarity on the issue. Before I turn to the specific amendment, I remind the House that the sole function of the trustee corporation is to be the trustee of the personal...

My Lords, I am grateful for the amendment, because it gives us the chance to try to produce some clarity on the issue. Before I turn to the specific amendment, I remind the House that the sole function of the trustee corporation is to be the trustee of the personal...

My Lords, I understood that it was work in progress but that the general drift was that there would be some in one and some in another; but you cannot see the totality unless you put the two together.

My Lords, I understood that it was work in progress but that the general drift was that there would be some in one and some in another; but you cannot see the totality unless you put the two together.

My Lords, that is not entirely the satisfactory conclusion that I had hoped I would get to these amendments. The Minister might like to look again at what he has said and whether he can improve on it in relation to the annual report. Instead of seeking acceptance of my...

My Lords, that is not entirely the satisfactory conclusion that I had hoped I would get to these amendments. The Minister might like to look again at what he has said and whether he can improve on it in relation to the annual report. Instead of seeking acceptance of my...

My Lords, the power would and should be used. I qualify that by saying only that the whole design of the scheme and all the arrangements that surround it are still being developed, but I see no reason why it should not be as the noble Baroness wishes. No one...

My Lords, the power would and should be used. I qualify that by saying only that the whole design of the scheme and all the arrangements that surround it are still being developed, but I see no reason why it should not be as the noble Baroness wishes. No one...

moved Amendment No. 59: 59: Schedule 1, page 81, line 10, leave out sub-paragraph (2) and insert— ““( ) The assistance may take the form of— (a) loans subject to repayment with interest at a commercial rate, or (b) guarantees or indemnities issued on commercial terms. ( ) Interest is...

moved Amendment No. 59: 59: Schedule 1, page 81, line 10, leave out sub-paragraph (2) and insert— ““( ) The assistance may take the form of— (a) loans subject to repayment with interest at a commercial rate, or (b) guarantees or indemnities issued on commercial terms. ( ) Interest is...

My Lords, I certainly agree with the second point. As an NDPB, the trustee corporation will be required to publish an annual report and its accounts, setting out what it has spent on running the scheme. Those will have to be independently audited by the National Audit Office and laid...

My Lords, I certainly agree with the second point. As an NDPB, the trustee corporation will be required to publish an annual report and its accounts, setting out what it has spent on running the scheme. Those will have to be independently audited by the National Audit Office and laid...