Pre-1997 Pensions: Discretionary Increases

Debate between Liz Twist and Luke Akehurst

Thursday 19th March 2026 Commons Chamber

[Luke Akehurst]

I thank the right hon. Gentleman for drawing attention to that particular anomaly.

[Liz Twist (Blaydon and Consett) (Lab)]

rose—

[Luke Akehurst]

I see that my hon. Friend and constituency neighbour wishes to intervene.

[Liz Twist]

I congratulate my hon. Friend and constituency neighbour on securing this debate and raising this issue. He will have constituents, as I do, who have been writing to us on this issue and feel very strongly that an injustice has been done.

[Luke Akehurst]

I have had written communications and met with constituents who used to work alongside my hon. Friend’s constituents at Nissan. Sadly, in the case of Nissan and countless others, trustees have proven themselves not to be accountable enough for the decisions that affect those holding pensions. Evidence submitted to the Pensions Ombudsman shows multiple cases in which trustees have not even considered key factors when deciding discretionary increases.

Oral Answers to Questions

Debate between Liz Twist and Luke Akehurst

Thursday 29th January 2026 Commons Chamber

[Liz Twist (Blaydon and Consett) (Lab)]

14. What steps he is taking to implement the modern industrial strategy.

[Luke Akehurst (North Durham) (Lab)]

15. What steps he is taking to implement the modern industrial strategy.

[The Parliamentary Under-Secretary of State for Business and Trade (Blair McDougall)]

We are focused on delivering our industrial strategy so that we are once again a nation that makes things, invents new industries and exports around the world. We are investing £100 billion in industries through the National Wealth Fund, directing £9 billion in research and innovation funding to key growth industries, and bringing forward a huge increase in support for exporters through UK Export Finance.