"My Lords, I am pleased to have reached this stage, where we are now all back on the same side. We have had some exchanges when we have said, once upon a time, that we were all pointing in the same direction, and then we had a little bit of …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, I thank the Minister, including for our meeting on Friday. For the record, we suggested a “have regard” framework, requiring trustees to consider private market investment in alignment with the Mansion House Accord and to report to the regulator. That approach would meet the Government’s stated policy aims …..." Baroness Bowles of Berkhamsted - View Speech
"Leave out from “House” to end and insert “do insist on its Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, do insist on its disagreement to Commons Amendments 88A, 88C and 88E to 88P and do disagree with the Commons in their Amendments …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, the arguments have been well rehearsed. I am not convinced that this coercion is as innocent as has been made out and I therefore wish to test the opinion of the House...." Baroness Bowles of Berkhamsted - View Speech
"My Lords, I thank the Minister for her explanation and for our meeting with her and the Pensions Minister yesterday. Small movements are better than none, but she will know from that conversation that, as regards the so-called reserve power, there is still a long way to go, and the …..." Baroness Bowles of Berkhamsted - View Speech
"Leave out from “House” to end and insert “do insist on its Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, do insist on its disagreement to Commons Amendments 88A and 88C, and do disagree with the Commons in their Amendments 88E to 88P …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, I thank all those who have contributed. As the Minister said, we have been around the arguments many times, so I will be brief. This was sold as a backstop to the accord, so it is not a case for celebration when something that bit off a lot …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, the Commons has asked us to accept a clause that reintroduces strict mandation of pension scheme asset allocation, traducing trustee fiduciary duty. There are two problems with the clause: the mandation itself and the discriminatory definition of investment vehicles that excludes listed investment companies—one of the two vehicles …..." Baroness Bowles of Berkhamsted - View Speech
As an amendment to Motion E, leave out from “House” to end and insert “do insist on its Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, and do disagree with the Commons in their Amendments 88A to 88C to the …..." Baroness Bowles of Berkhamsted - View Speech
"My Lords, we have heard continued disagreement with mandation and coercion from across the House. As the Minister has said, we do not need to re-rehearse all the things that we have already said, but something that stuck in my mind from a previous stage was when the Minister said …..." Baroness Bowles of Berkhamsted - View Speech