"My Lords, I thank all noble Lords for introducing their amendments. On top of the usual suspects, it is nice to welcome my noble friend Lord Hendy and particularly my noble friend Lord Pitt-Watson, who was brave enough to come to Committee and speak on these kinds of topics when …..." Baroness Sherlock - View Speech
"My Lords, I thank the noble Lord, Lord Palmer, for introducing his amendment, which would require the Government to conduct a report on the impact of consolidation in the occupational pensions sector within 12 months of the Act being passed. I am grateful to the noble Baroness, Lady Stedman-Scott, for …..." Baroness Sherlock - View Speech
"My Lords, the Government recognise that the pension compensation system and the safety net it offers need to work harder for members. Payments from the Pension Protection Fund, the PPF, and the Financial Assistance Scheme, FAS, based on pensions built up before 1997, do not get uprated with inflation—pre-1997 indexation. …..." Baroness Sherlock - View Speech
"My Lords, I am grateful to my noble friend for introducing his amendment and I look forward to the subsequent instalments of his reflections on these important areas. The Government’s reforms are a significant step forward in making the compensation system and its safety net better for members, but I …..." Baroness Sherlock - View Speech
"Just for clarity, the benefit will be exactly as I described in the Government’s amendments—which obviously is incredibly generous but, just to be clear, that is the benefit under question. In the light of this, I am grateful to my noble friend and all noble Lords, and I hope the …..." Baroness Sherlock - View Speech