Local Government Pension Fund Debate
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Baroness Hayman
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Local Government Pension Fund
Baroness Hayman Excerpts(2 months, 1 week ago)
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Baroness Taylor of Stevenage (Lab)
We took a different view from the previous policy, and I think that was the right thing to do. Many local councillors will potentially give up many hours of their working life to undertake their duties. It is absolutely right that they should be eligible for the Local Government Pension Scheme.
Baroness Hayman (CB)
My Lords, the noble Baroness, Lady Sherlock, made valiant attempts to provide clarity on the issue of fiduciary duty and systemic risk during the passage of the Pension Schemes Bill. She was defeated by the combined opposition, for reasons I still do not understand, but the Government are now saying, I understand, that they are going to take action in the coming months or years. Will the Minister do her best to make sure that it is months rather than years?