British Steel Pension Scheme: Transfers

Debate between Nick Thomas-Symonds and Nick Smith

Wednesday 10th April 2019 Westminster Hall

[Nick Smith (Blaenau Gwent) (Lab)]

I beg to move,

That this House has considered pension transfers and the British Steel pension scheme.

For many of us, pensions are a distant, complex and opaque topic. Everyone hopes that their pension will provide financial security for their family’s future. It is often the single biggest pot of money that anyone will have, but that makes pension pots ideal targets for mis-selling. Unfortunately, in recent years pensions mis-selling has got worse. Since further pension freedoms were brought in four years ago, it is easier to transfer out of defined-benefit pension schemes. More than 200,000 people have done that, but as transfers have increased, so have the problems. The compensation paid out for poor transfer advice increased to £40 million last year.

I called for this debate because of a specific mis-selling crisis that affected hundreds and potentially thousands of people across south Wales in particular. Two years ago, the British Steel pension scheme began to restructure its fund after a difficult period for the industry. Scheme members had a hard deadline to make a critical decision: they could go into a new scheme, be defaulted into a lifeboat fund or transfer out. They had to decide against a backdrop of serious uncertainty about the scheme and the industry. The scheme’s administrators were under enormous pressure, with 4,000 calls a day. Vital information about pension advisers from the Financial Conduct Authority was often highly technical. All that helped to create a perfect storm.

[Nick Thomas-Symonds (Torfaen) (Lab)]

I congratulate my hon. Friend on securing the debate and commend the work that he is doing in this area. He has mentioned the Financial Conduct Authority. Does he agree that one issue here is regulation and that too often those who suffer a loss are pushed in the direction of a civil remedy when actually we need stronger enforcement and tougher criminal sanctions?

[Nick Smith]

I agree. I think that the FCA has the right teeth but is not using them and that the police need to intervene much earlier.

Local Sporting Heroes

Debate between Nick Thomas-Symonds and Nick Smith

Tuesday 13th November 2018 Westminster Hall

[Nick Smith]

We had a vote on that in the Whips Office and we all agreed that it was; I think it is. However, I will focus on one local sporting hero in particular and that is Steve Jones.

[Nick Thomas-Symonds (Torfaen) (Lab)]

I am grateful to my hon. Friend for giving way and indeed for securing such an important debate. Before he moves on, will he join me in commending Ken Jones, who is from my home town of Blaenavon in my constituency? His achievements in athletics, as an Olympic medallist of course, were outstanding, but he was also a quite outstanding rugby player, who scored the crucial try when Wales last beat New Zealand at rugby in 1953.

[Nick Smith]

I am very pleased to say what a brilliant athlete, rugby player, journalist and schoolteacher Ken Jones was; he was renowned across the valleys for his rugby pedigree. Today, however, I will talk about Steve Jones, from Blaenau Gwent.

The unusual thing about Steve is that he is a world-class, record-breaking athlete who hardly anyone knows about. He is one of the most successful long-distance runners ever produced in our country. Despite his multiple achievements, however, many people know little about this British athletics hero. So I will start telling them today.

Steve is a Blaenau Gwent-made and self-trained sporting hero. The son of a steelworker, he grew up in Ebbw Vale. Steve had been a cross-country runner, but it was while he was a technician with the Royal Air Force that he really began running competitively. He pulled himself up by his bootstraps and he reminds me of what Michael Parkinson has just said about George Best—namely, that while Best was the greatest player he has ever seen:

“He did not arrive as the complete player; he made himself one.”

Steve made himself the complete runner.

Training in what spare time he had, Steve began working his way up and competing, all the while serving his country full-time. After a ligament injury put his leg in a cast, Steve soldiered on, saying later:

“If anybody says I can’t do it, I end up doing it...I don’t like to be told that.”

That was an understatement. The tragic death of Steve’s dad in 1978 had a major impact on his career. His dad had been extremely proud of his achievements and, after his dad’s death, Steve wanted to push himself even further, and to be the best.

Steve burst into the top tier of world athletics in 1984 by completing the Chicago marathon in just over two hours, beating a reigning Olympic champion in the process. He set a British marathon record that stood for 33 years, until it was broken just this April by Sir Mo Farah.

In the years following Chicago and after receiving generous sponsorship from Reebok, Steve racked up further first-place marathon finishes in London in 1985, in New York in 1988 and in Toronto in 1992. Taken together, his achievements add up to a remarkable contribution to British athletics.

Now 63, Steve works as a running coach in Colorado, supporting athletes from across the world. In Blaenau Gwent, his legacy is seen every weekend in our local parkrun and other initiatives that Tredegar’s Parc Bryn Bach Running Club uses to encourage new runners; I am a newish member of the club. It has also been leading the charge for proper recognition for Steve. A local dynamo, Lee Aherne, has launched a campaign to build a statue of Steve, which has already raised more than £2,000.

The key issue is this: we have this great man, who accomplished incredible things and inspires people to follow in his footsteps, but he is simply nowhere near as widely recognised as he should be. Steve’s achievements are a great source of pride for many in Blaenau Gwent, but he is barely known outside our borough.

NHS 70th Anniversary

Debate between Nick Thomas-Symonds and Nick Smith

Wednesday 16th May 2018 Westminster Hall

[Nick Smith (Blaenau Gwent) (Lab)]

I beg to move,

That this House has considered the 70th anniversary of the NHS and public health.

It is a pleasure to serve under your chairmanship, Mr Hosie. The 70th anniversary of the NHS is an important time for the country, but it is also a special time for Blaenau Gwent. Aneurin Bevan, and the health service he created, was born and bred in Blaenau Gwent—in Tredegar. Since Nye’s death in the 1960s, Blaenau Gwent MPs have followed in the footsteps of a colossus. We in the borough are immensely proud and fiercely protective of his legacy. When he said he wanted to “Tredegar-ise” the NHS, he was basing his plans on the Tredegar Medical Aid Society, a mutual and an organisation established for all, supported and funded by the people of Tredegar, whether they be miners at the Ty Trist colliery, like my grandfather George, quarry workers at Trefil or nurses at the St James Hospital. If Bevan established an NHS for the 20th century, at this anniversary it is important that we ask ourselves what sort of NHS we need for the 21st century.

[Nick Thomas-Symonds (Torfaen) (Lab)]

I should declare an interest as a biographer of Aneurin Bevan. Before my hon. Friend moves on to talk more generally about the future, does he agree that the decision to nationalise the hospitals, and the painstaking work that Bevan did in negotiations with the British Medical Association, mean that he truly is the architect of the national health service?

[Nick Smith]

My hon. Friend has written a terrific biography of Aneurin Bevan. He absolutely captured what Nye did for us all.

On 5 July it will not be good enough just to celebrate the past, the history of this brilliant institution and its architect; we must also look to its future and the challenges it now faces. Many of those challenges have been created by eight years of Tory austerity, which has left our national health service underfunded, understaffed and underprepared. Labour would provide more doctors and nurses and provide a funding level to support the service for years to come. Other challenges cannot be put down to politics. The epidemics of old—diseases once fatal that we have almost eradicated—are being replaced with new health problems that are putting massive strains on our NHS. It is wonderful that people are now living longer, but that also means our population is an ageing one that needs support. As our society gets to grips with caring for our mental health, more people need access to these services than ever before.

Today I want to concentrate on another big challenge: rising levels of obesity, particularly among children. In this case, it is a challenge where an ounce of prevention can be better than a pound of cure. Back in Blaenau Gwent, surveys estimate that 70% of adults are overweight or obese and 11% are being treated for diabetes. Most troublingly, the latest figures from the child measurement programme reveal that last year 15% of four and five-year-olds in my constituency were classed as obese. We should all be worried by that trend, which is being replicated across our country.

--- Later in debate ---

[Nick Thomas-Symonds]

Will my hon. Friend give way?

[Nick Smith]

I am pleased to give way to my other neighbour.

[Nick Thomas-Symonds]

I join my hon. Friend in congratulating all those involved in parkrun. Will he join me in congratulating the volunteers who make parkrun possible in his constituency and in mine in Pontypool and Cwmbran, where I too have taken part in parkruns, but I have not quite reached my hon. Friend’s running level yet?

[Nick Smith]

I thank my hon. Friend for supporting parkrun. Perhaps we should have a south Wales eastern region parkrun championship at some point in the coming months. He is absolutely right about volunteers and the running club supporters who are out there at 9 o’clock on a Saturday morning, or sometimes on a Sunday morning for the junior parkrun, in parks all across the country. They do a great job in all weather. It is brilliant to see. More than 30,000 runners took part in parkruns in Wales alone last year. It is that sort of activity with cross-body support and backing from our community role models that can make a big difference to making such schemes stick.

When Nye wanted to Tredegar-ise the national health service, he wanted a service built on community where we all bought in and all had a stake. In that spirit the public health challenges we face 70 years on should not be tackled alone. To truly take care of ourselves, we need a society that sets us up for success, a system that has our backs, a public service that recognises what needs to be changed and how to do it. The Government have a real chance to honour the anniversary of the national health service in the months ahead, not with pomp and ceremony, but with the sort of action that people will celebrate another 70 years from now.