Pension Protection Fund (Moratorium and Arrangements and Reconstructions for Companies in Financial Difficulty) Regulations 2020

Lord McFall of Alcluith Excerpts

Wednesday 16th September 2020 Lords Chamber

[Baroness Stedman-Scott (Con)]

I am happy to respond to the noble Baroness’s points; this is, indeed, a complex matter. I am confident that the legislation we intend to bring forward at the earliest opportunity will clarify matters, but I will consult with the Members of the Grand Committee to make sure that everybody is clear about the impact of this change.

[The Senior Deputy Speaker (Lord McFall of Alcluith)]

The Question is that the Motion in the name of the noble Baroness, Lady Stedman-Scott, be agreed to. As many—

[Baroness Smith of Basildon (Lab)]

My Lords, I think that the Minister has just said that, before agreeing it, she will take it back to Members to see if they are happy with it because there is some complication. That was the implication of what she said: she was not going to put it forward for a vote today until she had consulted people.

She is checking with the Clerk so I will keep talking for a second while she gets advice. However, I am still not clear. I thought she said she was agreeing to take it back and consult with Members who were on that Committee.

--- Later in debate ---

[The Senior Deputy Speaker (Lord McFall of Alcluith)]

The Question is that the Motion in the name of the noble Baroness, Lady Stedman-Scott, be agreed to. As many as are of that opinion will say “Content”; to the contrary “Not content”.

[Noble Lords]

Content.

[The Senior Deputy Speaker (Lord McFall of Alcluith)]

The Contents have it.

[Noble Lords]

Not Content.

[Baroness Stedman-Scott (Con)]

I advise that they are “made affirmative” and to be dealt with today. I can only reaffirm what I have said: it is a complex matter but I am confident that the legislation we intend to bring forward at the earliest opportunity will clarify matters.

[The Senior Deputy Speaker (Lord McFall of Alcluith)]

If that is of sufficient clarity, I will ask the Question.

Motion agreed.