Oral Answers to Questions

Peter Bedford Excerpts

Monday 12th October 2026 Commons Chamber

[Mr Speaker]

I call the shadow Minister.

[Mr Peter Bedford (Mid Leicestershire) (Con)]

It did not sound as though the Minister could commit to improving outcomes for pensioners. That is no surprise given this Government’s record: they cut the winter fuel payments, undermined incentives to save into pensions through the salary sacrifice scheme, and dragged pensions into the scope of inheritance tax. The Prime Minister’s announcement at the Labour party conference created yet more uncertainty for those in or approaching retirement. Will the Minister give a commitment to the House that there will be no further policies undermining pensioners’ prospects and damaging their retirement?

[Torsten Bell]

Although I listened closely to much of the Conservative party’s conference—not quite all of it, but lots of it—I am still not clear what its policy is on the triple lock or on many other things in the pensions space. I have been paying a lot of attention, and what I have learned is that the shadow Foreign Secretary calls the triple lock a Ponzi scheme and the previous shadow Chancellor calls it completely unsustainable.

The shadow Secretary of State knows she has a ridiculous position on reform of the state pension. This Government will put the state pension on a sustainable basis and address the other big challenge of ensuring an adequate private pension system. That is what the Pensions Commission will do.