Private Sector Pensions

Jeremy Quin Excerpts
Monday 22nd January 2018

(6 years, 11 months ago)

Commons Chamber
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Esther McVey Portrait Ms McVey
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The situation is being assessed at the moment, and what happened is being investigated. The regulator already has the power to look into anti-avoidance measures and enforcement, which could be utilised to do precisely what the hon. Lady talks about. Strengthening the regulator’s hand was in our manifesto, and we will be bringing that forward in the White Paper.

Jeremy Quin Portrait Jeremy Quin (Horsham) (Con)
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Hon. Members are understandably focusing on the directors of Carillion but, having been through the BHS investigation conducted by this House, I encourage my right hon. Friend to look closely at the expertise, advice and powers available to pension trustees.

Esther McVey Portrait Ms McVey
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I will indeed do that. My hon. Friend knows a lot about such matters. We will take advice such as that and the 800 responses to the Green Paper into account when drawing up our solution.