Pension Schemes Bill (Second sitting)

Debate between Torsten Bell and Luke Murphy
Committee stage
Tuesday 2nd September 2025

(4 days, 11 hours ago)

Public Bill Committees
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Read Full debate Pension Schemes Bill 2024-26 View all Pension Schemes Bill 2024-26 Debates Read Hansard Text Read Debate Ministerial Extracts Amendment Paper: Public Bill Committee Amendments as at 2 September 2025 - (2 Sep 2025)
Luke Murphy Portrait Luke Murphy
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Q It does not appear to be easily definable. What the financial benefits to members of an investment will be is easier to define through the fiduciary duty, but what is popular locally feels like a bit of a value judgment.

Councillor Phillips: Like a lot of judgments.

Torsten Bell Portrait The Parliamentary Under-Secretary of State for Work and Pensions (Torsten Bell)
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Q Since we have gone to mandation and surplus, I encourage you to clarify that the reserve power and the surplus measures in the Bill do not affect the LGPS in any way. Those are not within the remit of the Bill.

Councillor Phillips: My understanding is that it is a back foot.

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