Pensions Dashboards (Prohibition of Indemnification) Bill

Baroness Laing of Elderslie Excerpts

2nd reading
Friday 15th July 2022 Commons Chamber

[Mary Robinson]

With the leave of the House, Madam Deputy Speaker, I thank all Members for their contributions and for being present for this important debate. Let me begin my thanking my hon. Friend the Member for Broxtowe (Darren Henry), who rightly described the pensions dashboards as brilliant, and acknowledged their potential to enable people to find the various pension pots that they may have acquired during their working lives. So many people who have lost or forgotten pensions and simply do not know where to go will be helped by this groundbreaking legislation.

I thank the shadow Minister, the hon. Member for Westminster North (Ms Buck) for her support: she was right to recognise the importance of good, well-run pension schemes. I thank the Minister for his support, and I thank the DWP officials for their assistance in preparing the Bill and for helping me to present it to the House today.

As we move forward with the pensions dashboard, I am glad that we can also put in place the provisions that we will need to protect hard-working people and their savings. The Bill is intended to safeguard people’s pension savings, and I hope it will be able to progress with the support of the whole House.

Question put and agreed to.

Bill accordingly read a Second time; to stand committed to a Public Bill Committee (Standing Order No. 63).

[Madam Deputy Speaker (Dame Eleanor Laing)]

I congratulate the hon. Member for Cheadle (Mary Robinson) on achieving a Second Reading for her excellent Bill.