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Written Question
Actuaries: Regulation
Monday 10th February 2025

Asked by: Lord Davies of Brixton (Labour - Life peer)

Question to the HM Treasury:

To ask His Majesty's Government whether they plan to publish draft legislation on the oversight and regulation of the actuarial profession during this parliamentary Session.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

In the King’s Speech in July 2024, the Government confirmed its intention to bring forward draft legislation setting out its proposals to create a new statutory regulator – the Audit, Reporting and Governance Authority (ARGA) – with a wider remit and the powers it needs to uphold standards in financial reporting in the UK.

A draft Bill and further information about the Government’s proposals for ARGA, including its responsibilities and scope, will be published in due course.

Speech in Lords Chamber - Tue 29 Nov 2022
Autumn Statement 2022

"My Lords, in her absence, I congratulate the noble Baroness, Lady Lea of Lymm, on her maiden speech.

In the Chancellor’s Autumn Statement, I was struck by the emphasis placed on public services. It merited several references, and it was one of the three “priorities” that were identified, that is, …..."
Lord Davies of Brixton - View Speech

View all Lord Davies of Brixton (Lab - Life peer) contributions to the debate on: Autumn Statement 2022
Speech in Lords Chamber - Thu 03 Nov 2022
Financial Markets: Stability

"My Lords, I first offer my thanks to the noble Lord, Lord Sharkey, for initiating this debate, and to the previous speakers. I have to declare an interest as a fellow of the Institute and Faculty of Actuaries. I have to say, based on over 40 years in the world …..."
Lord Davies of Brixton - View Speech

View all Lord Davies of Brixton (Lab - Life peer) contributions to the debate on: Financial Markets: Stability
Speech in Lords Chamber - Tue 01 Nov 2022
Defined Benefit Pension Funds

"My Lords, I declare an interest as a fellow of the Institute of Actuaries. I am afraid that there will be an alliance of regulators and providers who will say, “Nothing to see here, we can move on”. There are questions to be answered about what damage has been done …..."
Lord Davies of Brixton - View Speech

View all Lord Davies of Brixton (Lab - Life peer) contributions to the debate on: Defined Benefit Pension Funds
Written Question
National Insurance Contributions: Females
Monday 24th October 2022

Asked by: Lord Davies of Brixton (Labour - Life peer)

Question to the HM Treasury:

To ask His Majesty's Government what is the month and year of birth of the youngest person currently paying the reduced National Insurance contribution rate for married women and widows.

Answered by Viscount Younger of Leckie - Shadow Minister (Work and Pensions)

HMRC estimates that fewer than 1,000 individuals currently pay the married women’s reduced rate of National Insurance.

HMRC has a statutory duty of confidentiality regarding taxpayer information, which prohibits officers of HMRC from releasing specifics on individual taxpayers. As a result, the Government cannot provide the information requested on the youngest person currently paying the reduced rate of National Insurance contributions for married women and widows.

Written Question
National Insurance Contributions: Females
Monday 24th October 2022

Asked by: Lord Davies of Brixton (Labour - Life peer)

Question to the HM Treasury:

To ask His Majesty's Government how many women currently pay the reduced National Insurance contribution rate for married women and widows.

Answered by Viscount Younger of Leckie - Shadow Minister (Work and Pensions)

HMRC estimates that fewer than 1,000 individuals currently pay the married women’s reduced rate of National Insurance.

HMRC has a statutory duty of confidentiality regarding taxpayer information, which prohibits officers of HMRC from releasing specifics on individual taxpayers. As a result, the Government cannot provide the information requested on the youngest person currently paying the reduced rate of National Insurance contributions for married women and widows.