Nick Smith
Main Page: Nick Smith (Labour - Blaenau Gwent and Rhymney)Department Debates - View all Nick Smith's debates with the Leader of the House
(4 years, 9 months ago)
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Mr Rees-Mogg
That is a manifesto commitment, and it will be introduced. I am afraid APCOA will get its come-uppance when that happens.
Nick Smith (Blaenau Gwent) (Lab)
The Financial Times fears that there will be another pensions scandal, potentially affecting 160,000 people with defined benefit pension schemes. The Financial Conduct Authority thinks that there could be problems with the transfer advice given by 76% of firms. This is an £80 billion market, so can we have a statement from the Treasury to try to get to the bottom of this scandal?
Mr Rees-Mogg
Anything relating to pensions is extremely important. A pensions Bill will be introduced in the House of Lords fairly soon, so these matters will be discussed on the Floor of the House in due course.