"My Lords, I declare my interest as an employee of Marsh, whose sister company Mercer is a pension consultancy, master trust provider and signature to the Mansion House Accord. I speak in strong support of this group, beginning with Amendment 52, which would remove the power to mandate asset allocation …..." Lord Ashcombe - View Speech
"We have a problem with the Isle of Wight. One of the vessels has done everything that it could possibly do to decarbonise. It has no option to go anywhere else because the power is not there. It is a fully hybrid boat, as the noble Lord, Lord Greenway, pointed …..." Lord Ashcombe - View Speech
"My Lords, we have heard from the noble Baroness, Lady Hoey, my noble friend Lord Moynihan and from other noble Lords regarding the situation facing Northern Ireland’s ferry services and the shenanigans that are certainly coming to light today. Having been raised in the Republic of Ireland, I well remember …..." Lord Ashcombe - View Speech
"My Lords, I speak to my Amendment 34 in this group, and I am grateful for the support from the noble Lord, Lord Londesborough. Pensions legislation is, as many of your Lordships appreciate, inherently complex and difficult to understand. It is also currently undergoing further refinement in this House, which …..." Lord Ashcombe - View Speech
"My Lords, I thank the Minister for his responses and thank those who have taken part in this short debate. I am not sure that we have unknown unknowns, because the Minister has again stated where these various documents are scattered around, but we have an unresolved unresolved. As noted …..." Lord Ashcombe - View Speech
"My Lords, this is a very large group with a number of issues to address. First, I support my noble friends Lady Neville-Rolfe and Lord Altrincham in Amendment 1 in this group. I remind the House that the Department for Work and Pensions has acknowledged that, as of 2025, around …..." Lord Ashcombe - View Speech
"My Lords, very briefly, I support Amendments 6 and 22 from my noble friends Lord Mackinlay and Lord Fuller. As we have heard, the practical application of the £2,000 cap per person must be clearly defined in primary legislation. Leaving such a significant distinction—whether the cap applies to an individual …..." Lord Ashcombe - View Speech
"My Lords, clearly there remains a tension within government between the Department for Work and Pensions and the Treasury. As we heard at Second Reading, the DWP is focused on encouraging people to save more for their retirement, yet the Treasury continues to pursue measures to fill its coffers, while …..." Lord Ashcombe - View Speech
"My Lords, the amendments in this group either increase the level of pension contributions exempt from national insurance or seek to prevent fiscal drag. Both aims are very welcome. In many respects, the higher the exempt amount, the better; on the face of it, Amendment 9, in the name of …..." Lord Ashcombe - View Speech