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Speech in Grand Committee - Thu 05 Feb 2026
Pension Schemes Bill

"My Lords, I have one quick question to obtain reassurance, I hope, from the Minister in relation to Amendment 199 on taxation. I imagine that it is consequent on some of the problems that we had with the McCloud remedy, which required tax changes and the Treasury to intervene. The …..."
Viscount Thurso - View Speech

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Speech in Lords Chamber - Tue 27 Jan 2026
Hospitality Businesses

"My Lords, the wider visitor economy, of which the hospitality industry is such a valuable part, is worth some £127 billion a year to the economy and 3.9% of all jobs. It is therefore a valuable export industry. Last year, for the first time for several years, the number of …..."
Viscount Thurso - View Speech

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Speech in Grand Committee - Mon 19 Jan 2026
Pension Schemes Bill

"I am grateful to the noble Baroness for her explanation. However, does she agree that a case where the employer has the right to prevent the trustees making a payment—with some surpluses, the trustees may wish to make a payment but the employer can stop it if it is not …..."
Viscount Thurso - View Speech

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Speech in Grand Committee - Mon 19 Jan 2026
Pension Schemes Bill

"My Lords, I will speak to my Amendments 34 and 37 and will briefly comment on the other amendments. Quickly, before I do that, I seek to assist the Minister with the question I asked her on the last group. I was written to by people who came together as …..."
Viscount Thurso - View Speech

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Speech in Grand Committee - Mon 19 Jan 2026
Pension Schemes Bill

"My Lords, we come to three groups of amendments. The next two deal with what you might do with the surplus, and I have amendments in those. This group deals with the principle of what a surplus is. I am grateful to the noble Lord, Lord Davies, for giving us …..."
Viscount Thurso - View Speech

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Speech in Grand Committee - Mon 19 Jan 2026
Pension Schemes Bill

"My Lords, I rise principally to speak to my Amendment 38 in this group and to support my noble friend’s Amendment 44, to which I added my name. I am in broad sympathy with the mover of Amendment 26.

I think we can all agree that we would like to …..."

Viscount Thurso - View Speech

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Speech in Grand Committee - Wed 14 Jan 2026
Pension Schemes Bill

"My Lords, I am sure that my noble friend on the Front Bench will give our view on the generality of these amendments. I have one small question that I want to put to the noble Viscount in respect of Amendment 16.

Broadly, I am in favour of clarity of …..."

Viscount Thurso - View Speech

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Speech in Grand Committee - Wed 14 Jan 2026
Pension Schemes Bill

"May I ask one point of clarification from the noble Viscount, Lord Younger, when he comes to wind up at the end of this debate, again on risk? I read this amendment as being about the risk register—the list of risks faced by the organisation and how they are dealt …..."
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Speech in Grand Committee - Mon 12 Jan 2026
Pension Schemes Bill

"My Lords, I am not entirely certain that I am wholly in favour of the concept of a clause at the beginning of a Bill that sets out its purpose in the way that the noble Viscount has set down, but I appreciate the opportunity to speak to one of …..."
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Speech in Grand Committee - Mon 12 Jan 2026
Pension Schemes Bill

"My Lords, I will briefly give my support to the noble Lord, Lord Davies. I believe that many schemes would absolutely like to put money into social housing. The scheme of which I am a trustee, and which I mentioned earlier, has recently put 5% into social housing—it is entitled …..."
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