"My Lords, I will briefly add my support to Motion A1 from the noble Baroness, Lady Bowles, to remove the mandation reserved power. On Monday, the Minister told us:
“On the question on fiduciary duty, nothing in the Bill disapplies trustees’ existing duties of loyalty, prudence and acting in members’ …..." Lord Vaux of Harrowden - View Speech
"To follow up on that, can the Minister explain how a windfall tax paid to the Treasury ends up reducing people’s bills?..." Lord Vaux of Harrowden - View Speech
"My Lords, we have had a lot of discussions in this House over the last year about employment rights and particularly about unfair dismissal. To be fair, a dismissal must have a valid reason—we cannot make a rigid judgment on the dismissal of Olly Robbins at this stage—but it must …..." Lord Vaux of Harrowden - View Speech
"My Lords, I offer Motion E1, in the name of the noble Baroness, Lady Bowles, my wholehearted support. I also say in passing that I wholeheartedly support Motion G1 in the name of the noble Baroness, Lady Noakes.
"My Lords, I want very quickly to ask the Minister a question on Motions D and D1. I say at the outset that I agree with almost every word that the noble Baroness, Lady Altmann, said. I entirely agree that one year is too short. I have at least two …..." Lord Vaux of Harrowden - View Speech
"My Lords, when you are trying to solve a problem, it is best to try to understand the root causes of the problem and then resolve those causes—diagnose and treat the disease, not the symptoms. That is why I have repeatedly asked the Minister why she believes UK pension funds …..." Lord Vaux of Harrowden - View Speech
"As I understand the noble Baroness’s argument, the focus on cost is the problem. This Bill solves that with the value-for-money framework, so why do we also need the mandation power?..." Lord Vaux of Harrowden - View Speech
"My Lords, I declare my interest as a trustee of the Galloway Fisheries Trust and chairman of the Fleet District Salmon Fishery Board. The single biggest cause of peatland destruction has been the historic indiscriminate planting of non-native conifers on peatlands. About 18% of UK peatland has been destroyed in …..." Lord Vaux of Harrowden - View Speech
"My Lords, I start by declaring an interest: I have a registerable shareholding in Fidelity National Information Services Inc. It has been fascinating to be a member of this committee, which for this report, as we have heard, was so ably chaired by the noble Lord, Lord Forsyth of Drumlean, …..." Lord Vaux of Harrowden - View Speech
"My Lords, can the Minister perhaps tell us why she thinks pension funds are not currently investing, or have not been investing, in the types of assets that she would like them to? I ask that question because surely the better way forward is to understand what is stopping them …..." Lord Vaux of Harrowden - View Speech