"I am today updating the House on the steps being taken to address historic failures in the handling of some bereavement claims by National Savings and Investments.
On 26 March, I informed the House that NS&I had identified a population of cases where, following notification of a customer’s death, holdings …..." Torsten Bell - View Speech
"SCAPE—superannuation contributions adjusted for past experience—is the process for setting employer contribution rates at valuations of unfunded public service pension schemes. As part of the SCAPE process, the SCAPE discount rate is used alongside many other factors such as earnings changes, changes to life expectancy and demographic assumptions to determine …..." Torsten Bell - View Speech
That this House insists on its disagreement with the Lords in their Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insists on its amendments 88C, 88E to 88P, 88R, 88S and 88W to the words restored to the Bill …..." Torsten Bell - View Speech
"I thank hon. Members for their contributions, and the shadow Secretary of State for her kind words.
I will be brief. The Government have continued to insist on the inclusion of the reserve power in the Bill in all rounds of discussions in this place because we have not heard …..." Torsten Bell - View Speech
"The rise in food banks across Britain is among the most visible signs that, under the last Government, ours was a country in which growth was too low and inequality was too high. This Government are committed to ending the mass dependence on emergency food parcels. We have expanded free …..." Torsten Bell - View Speech
"My hon. Friend is absolutely right. Food bank use has fallen in recent years, but it is still far too high, including in her constituency. It is part of a wider challenge that the cost of essentials places too much pressure on household finances.
"I welcome my hon. Friend’s question, and he is absolutely right. We have seen progress in the last 15 years; 23 million employees now save into a pension, and that is restarting the business of workplace pension savings in the UK, but the job is not done. It is not …..." Torsten Bell - View Speech
"I thank my hon. Friend for her question. There absolutely are lessons for us to learn from this experience, both related to that particular case, and on the general point about giving adequate notice of any changes to the state pension age; that is the most important lesson, and we …..." Torsten Bell - View Speech
"As I have previously said to this House, it is unusual but not unprecedented for the Government to take a different view from the PHSO. That does not mean that we have not taken its report incredibly seriously—I have also met its representatives—but as I have said, we set out …..." Torsten Bell - View Speech
"We have debated this issue quite extensively in recent weeks, and the House will have another chance to do so later today. As I have set out during our debates, representatives of the industry itself have said that it is in the interests of savers to invest in a wider …..." Torsten Bell - View Speech