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To ask the Secretary of State for Defence, with reference to the Ministry of Defence annual report and accounts 2025 to 2026, Losses, what was the full scope of the Impairments arising from the historic AWE/AUC review.
To ask the Secretary of State for Defence, with reference to the Ministry of Defence annual report and accounts 2025 to 2026, Losses, what was the full scope of the Impairments arising from the historic AWE/AUC review.
My hon. Friend the Parliamentary Under-Secretary of State for Defence (Mr Calvin Bailey) has made the following Written Ministerial Statement.
As we approach the 75th anniversary of the UK becoming a nuclear power, the contribution of over 22,000 UK Service personnel, as well as scientists and civilians, in developing our...
My hon. Friend the Parliamentary Under-Secretary of State for Defence (Mr Calvin Bailey) has made the following Written Ministerial Statement.
As we approach the 75th anniversary of the UK becoming a nuclear power, the contribution of over 22,000 UK Service personnel, as well as scientists and civilians, in developing our...
As we approach the 75th anniversary of the UK becoming a nuclear power, the contribution of over 22,000 UK Service personnel, as well as scientists and civilians, in developing our nuclear deterrent must never be forgotten. I would like to place on record how grateful this government is to those...
As we approach the 75th anniversary of the UK becoming a nuclear power, the contribution of over 22,000 UK Service personnel, as well as scientists and civilians, in developing our nuclear deterrent must never be forgotten. I would like to place on record how grateful this government is to those...
To ask the Secretary of State for Defence, with reference to the Committee of Public Accounts Fifth Report of Session 2026-27 (HC95), paragraph 2, for what reason did his Department classify historic expenditure by the Atomic Weapons Establishment as spending that had resulted in it developing infrastructure.
To ask the Secretary of State for Defence, with reference to the Committee of Public Accounts Fifth Report of Session 2026-27 (HC95), paragraph 2, for what reason did his Department classify historic expenditure by the Atomic Weapons Establishment as spending that had resulted in it developing infrastructure.
The Ministry of Defence (MOD) classifies historic expenditure by AWE as spending on infrastructure development as these costs relate to assets under construction. These include buildings, infrastructure and equipment, managed by AWE but owned and capitalised by the MOD in accordance with accounting standards.
The House of Commons will consider Lords amendments to the Pension Schemes Bill 2024-26 on Wednesday 15 April 2026.
The House of Commons will consider Lords amendments to the Pension Schemes Bill 2024-26 on Wednesday 15 April 2026.
Moved by
Viscount Thurso
162: After Clause 117, insert the following new Clause—
“Discharge of liabilities in respect of compensation: commencement
(1) The Secretary of State must, within three months of the day on which this Act is passed, make regulations to commence the provisions laid out in section 169(2)(d) of the Pensions Act...
Moved by
Viscount Thurso
162: After Clause 117, insert the following new Clause—
“Discharge of liabilities in respect of compensation: commencement
(1) The Secretary of State must, within three months of the day on which this Act is passed, make regulations to commence the provisions laid out in section 169(2)(d) of the Pensions Act...
I beg to move.
I beg to move.
Tabled by
Baroness Hayman
167: After Clause 117, insert the following new Clause—
“Clarification of pension scheme investment duties
(1) In section 36 of the Pensions Act 1995 (choosing investments), after subsection (9) insert—
“(10) In complying with requirements imposed by this section and regulations, a trustee or manager must have regard to guidance prepared...
Tabled by
Baroness Hayman
167: After Clause 117, insert the following new Clause—
“Clarification of pension scheme investment duties
(1) In section 36 of the Pensions Act 1995 (choosing investments), after subsection (9) insert—
“(10) In complying with requirements imposed by this section and regulations, a trustee or manager must have regard to guidance prepared...
Tempting though it is to reinitiate the earlier debate, I will not move Amendment 167.
Tempting though it is to reinitiate the earlier debate, I will not move Amendment 167.
Moved by
Baroness Stedman-Scott
169: 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, regulation and guidance governing marketing, financial promotion and member...
Moved by
Baroness Stedman-Scott
169: 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, regulation and guidance governing marketing, financial promotion and member...
I beg to move.
I beg to move.
Moved by
Lord Sharkey
170: After Clause 117, insert the following new Clause—
“Fossil fuels and climate risk
(1) The Pensions Act 1995 is amended according to subsections (2) and (3).
(2) After section 41B (climate change risk: publication of information), insert—
“41BA Climate change risk and occupational pension schemes: Secretary of State duty
(1) The Secretary...
Moved by
Lord Sharkey
170: After Clause 117, insert the following new Clause—
“Fossil fuels and climate risk
(1) The Pensions Act 1995 is amended according to subsections (2) and (3).
(2) After section 41B (climate change risk: publication of information), insert—
“41BA Climate change risk and occupational pension schemes: Secretary of State duty
(1) The Secretary...
My Lords, I will speak to Amendment 170 in my name and those of the noble Baronesses, Lady Bennett, Lady Griffin and Lady Hayman. I am grateful for their support and look forward to hearing their contributions. I have reflected carefully on the helpful feedback I received from the Minister...
My Lords, I will speak to Amendment 170 in my name and those of the noble Baronesses, Lady Bennett, Lady Griffin and Lady Hayman. I am grateful for their support and look forward to hearing their contributions. I have reflected carefully on the helpful feedback I received from the Minister...
My Lords, I have added my name to Amendment 170 and will speak briefly in support. The noble Lord, Lord Sharkey, has comprehensively set out the amendment and, following very helpful feedback from my noble friend the Minister, I will simply respond to a few points which were made by...
My Lords, I have added my name to Amendment 170 and will speak briefly in support. The noble Lord, Lord Sharkey, has comprehensively set out the amendment and, following very helpful feedback from my noble friend the Minister, I will simply respond to a few points which were made by...
My Lords, it is a pleasure to join a distinguished cross-party group, signing and speaking to Amendment 170. Like the noble Lord, Lord Sharkey, I want to reflect back to what was said in Committee, when the Minister said that she shared the cross-party concern about pension scheme investment in...
My Lords, it is a pleasure to join a distinguished cross-party group, signing and speaking to Amendment 170. Like the noble Lord, Lord Sharkey, I want to reflect back to what was said in Committee, when the Minister said that she shared the cross-party concern about pension scheme investment in...
My Lords, I have added my name to this amendment. Given the quality of the speeches that have explained exactly what it would do and its very limited but important purpose—simply to allow the Government to have a proper handle on the data and a proper understanding of the exposure...
My Lords, I have added my name to this amendment. Given the quality of the speeches that have explained exactly what it would do and its very limited but important purpose—simply to allow the Government to have a proper handle on the data and a proper understanding of the exposure...
My Lords, I am grateful to the noble Lord, Lord Sharkey, and the noble Baronesses, Lady Hayman, Lady Griffin and Lady Bennett, for this amendment, and I fully recognise the principle that underpins it. However, we have some reservations about the approach taken here. In particular, we are concerned that...
My Lords, I am grateful to the noble Lord, Lord Sharkey, and the noble Baronesses, Lady Hayman, Lady Griffin and Lady Bennett, for this amendment, and I fully recognise the principle that underpins it. However, we have some reservations about the approach taken here. In particular, we are concerned that...
My Lords, I am grateful to the noble Lord, Lord Sharkey, for moving his Amendment 170. It is good to have the opportunity to discuss again the climate-related risks with which pension
schemes—indeed, all investors—are grappling. While I recognise the intent behind the amendment, the Government believe that the existing...
My Lords, I am grateful to the noble Lord, Lord Sharkey, for moving his Amendment 170. It is good to have the opportunity to discuss again the climate-related risks with which pension
schemes—indeed, all investors—are grappling. While I recognise the intent behind the amendment, the Government believe that the existing...
I thank the Minister for that response, but that probably means in practice that I thank her for the last sentence. Some of the other stuff I found difficult to agree with. I point out that our proposal was to collect data or produce estimates only for the larger schemes...
I thank the Minister for that response, but that probably means in practice that I thank her for the last sentence. Some of the other stuff I found difficult to agree with. I point out that our proposal was to collect data or produce estimates only for the larger schemes...