Oral Answers to Questions

Debate between Richard Holden and Margaret Ferrier

Thursday 2nd March 2023 Commons Chamber

[Margaret Ferrier (Rutherglen and Hamilton West) (Ind)]

T9. Will the Secretary of State or one of his Ministers meet me to discuss the increased restrictions on the movement of special types of general orders and abnormal loads, which are having a hugely detrimental effect on companies such as Cadzow Heavy Haulage in Blantyre?

[Mr Holden]

Yes.

Pension Schemes (Conversion of Guaranteed Minimum Pensions) Bill

Debate between Richard Holden and Margaret Ferrier

2nd reading
Friday 26th November 2021 Commons Chamber

[Mr Holden]

I thank the Minister for that intervention.

Some of the changes, particularly the lowering of the earnings threshold, could be introduced in secondary legislation, but primary legislation will be required to extend the auto-enrolment to 18 to 21-year-olds; I should let the Minister know that I have a date for a ten-minute rule Bill in the new year to do just that.

I very much hope that the Government will look at lowering the threshold. Low-paid women with multiple jobs in particular could be missing out on many thousands of pounds going into their pension pots. Low-paid women with multiple jobs in particular are potentially missing out on many thousands of pounds going into their pension pots due to issues around auto-enrolment. It is another inequality in the system that, as the hon. Member for Rutherglen and Hamilton West mentioned, tends to affect women disproportionately.

[Margaret Ferrier]

I just want to clarify that the rules around guaranteed minimum pensions are very complicated, so both men and women can lose out if pensions are not equalised because of indexation and revaluation. I am sure the Minister will cover that in his closing speech, but it is about two people. Sometimes women can have a higher pension and then the man will overtake it, or vice versa, because of the different ages of retiral. I just wanted to make it clear that both sexes can lose out.

[Mr Holden]

That is an incredibly important point. Both sexes can lose out and that is another element with auto-enrolment. There will be men in part-time work, maybe with caring responsibilities, who will also be in a similar situation.

The Minister has been a real reformer and is reforming an awful lot. I know there is a lot more to do. I encourage him to think broadly and work with Members across the House to continue the great reforming work he is doing. It has been great to see him working with the hon. Member for Rutherglen and Hamilton West. I hope to work with him in the future as I start to push for further reforms.