"My Lords, I start by welcoming the noble Lord, Lord Roe, to the House. I am sure that his experience will be informative in many ways, including now as chair of the building safety regulator. I am sure his insight will be very valuable to the R&R committee in a …..." Baroness Coffey - View Speech
"My Lords, noble Lords may want to consider Amendment 180A an amuse-bouche before we get back into the real meat and honey, as it were. I am grateful to the noble Baroness, Lady Altmann, for having also signed this amendment. We have already made it clear that the Pensions Act …..." Baroness Coffey - View Speech
"My Lords, I support Amendment 182 tabled by the noble Baroness, Lady Bowles of Berkhamsted. Gosh, superfunds—that has been quite a journey. It must be about six years ago that I apparently received a letter from Andrew Bailey, who I think was running the Prudential Regulation Authority at the time. …..." Baroness Coffey - View Speech
"My Lords, Clause 49 is quite interesting. Clearly, we have been on a journey for some time. Going back 35 years, Maxwell raided his pension fund, completely screwing over his employees at the time, which led to the 1995 Act as a consequence. There were other items in there as …..." Baroness Coffey - View Speech
"I thank noble Lords for contributing to this debate. Certainly, in speaking to pension providers that are regulated by both TPR and the FCA, this brings additional complexity, which is another reason for this to come in. I appreciate that my noble friend Lord Fuller suggested this could be a …..." Baroness Coffey - View Speech
"I can assure the noble Lord that the FCA will not give anything up. In fact, it would probably rather swallow the Pensions Regulator...." Baroness Coffey - View Speech