"I shall just comment on Amendment 19. To summarise what the noble Lord, Lord Davies of Brixton, said, there are actuaries’ reports that have all this information, and actuaries understand those reports. Amendment 19 concentrates on publishing something in a form accessible to employers and the public, and I think …..." Baroness Noakes - View Speech
"My Lords, without wishing to take anything away from what my noble friend Lord Fuller has just said, it is true that this definition of management relates to the funds and assets of the scheme, not the totality of the operation of everything that is managed within a scheme. Having …..." Baroness Noakes - View Speech
"I endorse everything that both speakers have said about understanding more about the use of this power. I want to go back to the Explanatory Notes. They say that Clause 6 amends Schedule 3, et cetera,
“to clarify that, in the case of the LGPS, the responsible authority’s powers also …..." Baroness Noakes - View Speech
"I listened carefully to the Minister’s response, but I am not sure that he answered the question about why the Government need to take power to specify the sources of advice that scheme managers must take and whether that would result in a closed list of scheme advisers that had …..." Baroness Noakes - View Speech
"It has nothing to do with conflicts of interest; it is about whether the Government can specify a limited number of sources of advice that can be given to scheme managers, what the purpose of that is and whether that does not in fact work against achieving the best returns …..." Baroness Noakes - View Speech
"My Lords, I was tempted to come and do another forensic analysis of the financial aspects of the treaty, but I will restrain myself and just speak briefly in support of all of the amendments in this group.
"My Lords, it is a pleasure to follow the noble Baroness, Lady Bennett of Manor Castle. But, not for the first time, she will find that I disagree with practically everything she has just said.
"My Lords, it is good to see so many on the Government Benches here to support their failing Chancellor and her miserable Budget. They are in a very small minority. In polling after the Budget, only 10% thought Labour were the best party to run the economy. That is lower …..." Baroness Noakes - View Speech
"My Lords, I am a little confused about this debate. The debate is on Amendment 2, which would replace “capacity” with “ability”, but we have heard hardly anything about ability. We have heard from the noble Lord, Lord Pannick, who said that it would replace a defined term with an …..." Baroness Noakes - View Speech