"The Post Office card account was always intended as a stepping stone to a transactional bank account, which is a gateway to other financial services. The basic bank account agreement with the nine banks is to be welcomed, but there is still incredible suspicion in the marketplace about transactional bank …..." Andrew Love - View Speech
"May I invite the Minister to apologise to the Chamber? I estimate that on Report there are 33 new clauses, 62 amendments, and one new schedule. Does he think that is rather a lot for us to cope with?..." Andrew Love - View Speech
"The Minister rightly talks about the safeguards introduced for people who want to transfer from DB to DC schemes, yet he does not think there is a need for a safeguard for people who do not access the guidance guarantee. Should not there be some safeguard for them, because they …..." Andrew Love - View Speech
"I apologise to the Minister for asking this now. He was going at such a pace that I did not catch up with him until he had moved on to a separate set of amendments. I want to press him on the guidance amendments. Will guidance be rationed to a …..." Andrew Love - View Speech
"The Minister alluded to discussions taking place between the Department and the FCA, but the formal FCA position given earlier in the consideration of the Bill was that consumer take-up would be a matter of public choice, leaving it to the person concerned. With all the emerging evidence, surely we …..." Andrew Love - View Speech
"There is a clear—well, not so clear—dividing line between generic advice and product-specific advice. The hon. Gentleman seems to be suggesting that where there are significant housing assets, part of the guidance guarantee should include advice on equity release. Is he straying across that line?..." Andrew Love - View Speech
"It would appear that the defined ambition scheme has been created to attract employers who have defined contribution schemes. What evidence is there that there is a demand for defined ambition schemes? Is there not a danger that employers with defined benefit schemes will be encouraged to move to …..." Andrew Love - View Speech
"Is the Secretary of State’s failure on universal credit the reason that fraud and error are likely to increase by £700 million in his Department?..." Andrew Love - View Speech
"T3. It is all very well for the Minister to say that, but more than 200,000 young people have been out of work for over a year, which has consequences for the possibility of their finding work in the future. Youth unemployment is falling more slowly than overall unemployment, so …..." Andrew Love - View Speech