Oral Answers to Questions

Debate between Guy Opperman and Steve McCabe

Monday 11th July 2022 Commons Chamber

[Steve McCabe (Birmingham, Selly Oak) (Lab)]

The Department’s annual report, released last week, has revealed that the estimate of the number of women who have been short-changed over their retirement pensions has risen by a further 103,000. That is not quite the rosy impression that the Select Committee was given when the Secretary of State and the permanent secretary appeared before it recently. Just how long will these women have to wait before they receive their legal entitlement, and can the Minister confirm that there will not have to be a further upward revision of these estimates?

[Guy Opperman]

It is unquestionably the case that this Government are trying to resolve matters that date back some 20 years. I might have wished that some of my predecessors who occupied the illustrious position of Pensions Minister, some of whom now sit on the Opposition Benches, had made a better job of monitoring these matters. We are fixing the problem. We have—definitely—more than 500 people working on it now, and, as I explained to the Select Committee, we will have upwards of 1,000, rising to 1,300, working on it on an ongoing basis; so it will be fixed in the very near future.

Pension Schemes Bill [Lords]

Debate between Guy Opperman and Steve McCabe

2nd reading & 2nd reading: House of Commons & Money resolution & Money resolution: House of Commons & Programme motion & Programme motion: House of Commons
Wednesday 7th October 2020 Commons Chamber

[Steve McCabe]

That is a good point. I think surveys have been undertaken that show that younger people from the 25-plus age group—there is an age divide in this—are much more concerned about where their pension investments go. As with most other things, if you are putting the money in, you should have a voice in where it is directed. That seems perfectly reasonable.

[Guy Opperman]

Let me try to clarify the legitimate point raised by the hon. Gentleman and also the flipside in terms of the argument by my hon. Friend the Member for Grantham and Stamford (Gareth Davies). The Department for Work and Pensions has driven pension trustees forward to embrace ESG and the path of net zero, and asset managers have been lagging behind. I want to put on record the good work done by the FCA, which I accept has been criticised legitimately in the past. Only last week, Chris Woolard and his team specifically issued guidance that accelerates the asset managers to put them on a parallel path to the pension trustees so that we basically ensure that the original investor, and then the actual manager of the money, are working off the same hymn sheet.

[Steve McCabe]

I am grateful to the Minister and acknowledge the points that he has made. I just think that there may be permission to go a bit further in this regard, and that is the point that I want to emphasise.

I support directed advice, particularly where there is any question of a scam. I welcome a power for trustees to intervene. I am happy to support the proposal from my right hon. Friend the Member for East Ham (Stephen Timms). In my view, it might be better to give the Money and Pensions Service a role in offering limited advice rather than just the guidance so that we try to bridge the gap between guidance and advice. The fundamental difficulty seems to be that, unless people have a particularly big pot and can afford advice, they are denied it, and guidance is not sufficient to protect them or steer them in the right direction. There is an argument for something to bridge that gap, and it might be worth looking at a role for the Money and Pensions Service in doing that.

Finally, I want to go back to where I started and share my concerns that the Bill might be giving too much power to the Pensions Regulator. I was not entirely convinced by the Secretary of State’s comments at the outset. There is a legitimate fear that clause 107 has the potential to criminalise a much wider group of people than can possibly be necessary or sensible. I ask the Minister to look at that again and see if we can be absolutely certain that the net has not been cast too wide.

Police Funding

Debate between Guy Opperman and Steve McCabe

Wednesday 8th December 2010 Commons Chamber

[Steve McCabe]

I am grateful to my right hon. Friend for that point. He is absolutely right.

I have one last point to make. As I said at the outset, I am in favour of the Minister’s plans to try to modernise the police force and get greater efficiency. I genuinely wish him well, and I think that some of the things that he talks about are things that we should try to do. I also think that they need a longer lead-in time. Time will tell who is right about that. However, there is one priority that I would not adopt at the moment, especially against the background of the cuts and the reorganisation and efficiency changes that we are about to experience. I would not totally change the management and accountability structure of the police at the same time. It seems ludicrous that we should be subjected to the idea of elected police and crime commissioners now. It might be a good idea—although I think that the Minister is wrong about that as well—but what on earth is the pressing need for something that will have a further destabilising effect on the police, at the very time when they have all those other issues to contend with? If the proposal is a good idea, surely there is plenty of time to discuss it, and to pilot it and see what the consequences—the benefits and downsides—are.

[Guy Opperman]

In 2008, when the previous Government made the proposal and were considering it in their draft legislative programme, was my hon. Friend in favour of it or against it?

[Steve McCabe]

I am glad to hear that the hon. Gentleman is now my hon. Friend. I do not know whether that means that he shares some of my concerns about policing, or whether I have at least one ally on the Government Benches who will talk to the Minister about such issues. Actually, it was never the Labour Government’s proposal to have directly elected police commissioners, so no, I was never in favour of that.

This is not the time for that experiment. The Minister has enough on his plate. He needs to get on and get the best deal and the best arrangements that he can from his Treasury colleagues, in order to prevent some of our worst fears from being realised. He would be better off concentrating his energy on that. We can deal with the question of police commissioners another time. What is proposed sounds like a Government in too much of a hurry, with too few resources and too few of the right priorities. If the Minister gets this wrong, not only will he suffer personally in a ministerial capacity, but our constituents throughout the country will suffer as a consequence of reckless behaviour that damages the police.

Identity Documents Bill

Debate between Guy Opperman and Steve McCabe

Wednesday 15th September 2010 Commons Chamber

[Guy Opperman]

I do not intend to go any further on that point. My final point is that we should not sign up to proposed new clause 2.

[Steve McCabe]

I, too, do not want to take too long on new clause 2 and in speaking to amendment 8. I enjoyed the contribution of the hon. Member for Perth and North Perthshire (Pete Wishart). I am going to try to find out who the 10 people in Scotland who want to join his fan club are, and I will do anything I can to put them in contact with him.

I want to acknowledge that there is one area of agreement. The Lib Dem and Conservative parties both went into the election on a promise to abolish identity cards, and we cannot really find fault with that. Of course, the Lib Dems also promised thousands of extra policemen, and I do not know where that figures in the current arrangements. However, if people are going to pray in aid that their manifesto commitment is the great justification, we need a total explanation. As far the Lib Dems are concerned, their justifications amount to nothing.