Oral Answers to Questions

Debate between Torsten Bell and Nick Smith

Tuesday 10th March 2026 Commons Chamber

[The Parliamentary Secretary to the Treasury (Torsten Bell)]

Payments of both the basic pension and the new state pension will increase by 4.8% in April, in just a few weeks’ time, boosting pensioners’ incomes by up to £575 a year. The yearly amount of the full new state pension is projected to rise by about £2,100 over the current Parliament, reflecting this Government’s commitment to the triple lock for its duration.

[Nick Smith]

That is great news. Our pensioners deserve the best support, and will be glad of the extra income. I will shortly be organising events in my constituency promoting pension credit take-up. Some of my pensioner constituents, however, have lost money to the Safe Hands funeral scheme when trying to prepare for the worst of times. Will the Minister please meet me to discuss their case?

[Torsten Bell]

I am glad to hear that my hon. Friend is organising events to drive pension credit take-up, as he did last year. I know that Members on both sides of the House will be doing that throughout the year.

On my hon. Friend’s question about the failure of Safe Hands, he is a powerful advocate for his constituents. He will know that the Serious Fraud Office has recently announced that two individuals have been charged in relation to the case, and there are live criminal proceedings ongoing, but I know that my hon. and learned Friend the Economic Secretary, who is responsible for this matter, is always happy to meet him.

Oral Answers to Questions

Debate between Torsten Bell and Nick Smith

Tuesday 9th December 2025 Commons Chamber

[Torsten Bell]

We have all watched the hon. Member voting with his feet by leaving the bunch of crazies that he was with before. Let us get back to what this Government are doing to drive growth: we are increasing public investment by £120 billion over this Parliament and making sure that things get built. We are building housing and giving a default “yes” to developments around train stations. We are building transport infrastructure, including the lower Thames crossing and expansion at Heathrow and Gatwick airports. We are expanding energy infrastructure at Wylfa and Sizewell. This Government are backing the builders, month after month.

[Nick Smith (Blaenau Gwent and Rhymney) (Lab)]

The Minister for pensions was brilliant at the Budget in helping our mining communities across the UK. Will he provide an update on plans for changing the surplus sharing arrangements for both the mineworkers’ pension scheme and the British Coal staff superannuation scheme?

[Torsten Bell]

My hon. Friend has been a powerful campaigner for those surpluses to be shared with the members of those pension schemes. He knows that we made an announcement at the Budget to ensure that the British Coal staff superannuation scheme surplus is shared with its members, and I know that the trustees are bringing forward their proposals on the sharing of future surpluses.

Pension Schemes Bill

Debate between Torsten Bell and Nick Smith

2nd reading
Monday 7th July 2025 Commons Chamber

[Torsten Bell]

I thank the right hon. Member for his question, and for the discussions that we have had on this important topic. He spent years working on this. The priority for MaPS right now is to ensure that we have the system set up to deal with the additional calls that are likely to come when pension dashboards are rolled out, but I will keep in mind the point that he raises. I think he and a number of hon. Members wrote to me about exactly that point. As I promised in my letter, I will keep it under review, but we must not overburden the system, because we need it to be able to deliver when pension dashboards come onstream.

[Nick Smith (Blaenau Gwent and Rhymney) (Lab)]

Will the Minister update us on when consumers will see the introduction of the pensions dashboard? [Laughter.]