"I understand the point that the noble Lord is making. I am just not convinced that one would want to put this type of responsibility on the Government. Of course, judgments in international law change from time to time, and trustees are investing for the very long term. I recall …..." Baroness Altmann - View Speech
"I will speak very briefly to support the amendment tabled by the noble Baroness, Lady Stedman-Scott, and the noble Viscount, Lord Younger. I know how passionate the noble Baroness is about the issue of social impact bonds, so it seems to me that this is a very modest and well-constructed …..." Baroness Altmann - View Speech
"My Lords, I support and have added my name to the amendment from the noble Lord, Lord Davies. I support all his remarks, especially on the only excuse for not recognising that people need pre-1997 indexation going forward. There is a wrong that is being corrected; therefore, that wrong probably …..." Baroness Altmann - View Speech
"My Lords, the amendments in this group are designed to give the Government another way of recognising the injustice that has occurred, which their very welcome amendments recognise for members who have lost their pre-1997 inflation protection. I am trying, through this route, to give the Government a way of …..." Baroness Altmann - View Speech
"My Lords, I thank all noble Lords who have spoken. I thank those who have supported this group, and I hope that I might be able to persuade colleagues on this side to offer their support.
"The noble Lord just said that this would impact on the levy, but if there is a one-off payment, it would not affect the scheme going forward. Therefore, it should not impact the levy at all; it is a lump-sum payment rather than an increase in the base pension payable …..." Baroness Altmann - View Speech
"I thank the noble Lord. I would certainly say that there is a significant and obvious element of fairness in this proposal for lump sums to be paid. I argue that it would level the playing field, because those who have lost the most at the moment will continue to …..." Baroness Altmann - View Speech
"Good. I now have it and I want to check that everyone else has it too. That is my first question dealt with.
In speaking to this amendment, the aim is to enable members of pension schemes that have gone into the PPF after their assessment period to be extracted, …..." Baroness Altmann - View Speech
"Section 169(2)(d) in the Pensions Act 2004 seems to make provision for this to happen. Therefore, what is the purpose of that clause? I am trying to build on that to specify circumstances in which it could happen. Of course, when a scheme is in the assessment period, it can …..." Baroness Altmann - View Speech