Guy Opperman
I already meet NEST and the People’s Pension regularly, and they have made a very good pitch for a reduced levy. It is already a reduced levy, as I am sure the hon. Gentleman is aware, and there is already a 0.75% cap, but of course I am looking forward to meeting them as part of the ongoing consultation.
[Official Report, Compensation (London Capital & Finance plc and Fraud Compensation Fund) Public Bill Committee, 15 June 2021, c. 60.]
Letter of correction from the Under-Secretary of State for Work and Pensions, the hon. Member for Hexham (Guy Opperman):
An error has been identified in my intervention on the hon. Member for Reading East (Matt Rodda).
The correct contribution should have been:
Guy Opperman
I already meet NEST and the People’s Pension regularly, and they have made a very good pitch for a reduced levy. It is already a reduced levy, as I am sure the hon. Gentleman is aware, and there is already a 30p cap, but of course I am looking forward to meeting them as part of the ongoing consultation.