Judicial Pensions (Fee-Paid Judges) (Amendment) Regulations 2021

Lord Davies of Brixton Excerpts

Tuesday 23rd February 2021 Lords Chamber

[Lord Davies of Brixton (Lab) [V]]

My Lords, I must first declare an interest. As shown in the register of interests, I am the actuarial adviser to several trade unions with members in other public service pension schemes.

First, we must thank the Minister for his comprehensive explanation. I admire his ability to get the initials of the various schemes right, although I am a bit disappointed that he did not tell us why this happened. Let us spare the blushes of whoever was at fault, though.

These regulations are narrowly focused. However, they provide an opportunity to make a more general point: essentially, the value to all of us of having worth- while pension arrangements for workers in our public services. There is a strong case, as the lawyers here are likely to agree, for having good pensions for judges. Obviously, this needs to include all eligible postholders, so I welcome the regulations.

Perhaps we take the high standards of our judiciary too much for granted. Of course, these standards are due to many reasons, such as culture, training and so on, but in that mix should be the assurance that its members will have a comfortable retirement. I am not for one moment suggesting that our judges are in it only for the money, but we must be clear that we need to get judicial pensions right.

It is worth noting, therefore, that we are of course in the middle of a review of judicial pensions. The immediate cause was to address the situation produced by the McCloud judgment, but it is also clear that there was a particular difficulty caused by the tax treatment of judicial pensions. So, I hope that I am not pushing my luck too far but I wonder whether the Minister can give any indication of when an announcement about the outcome of the review will be made. Supposedly, the new arrangements are meant to come into force for benefits accruing from April next year, which suggests a tight timetable. Can he give us any information?