"When we look at the thrust of the Bill, the mandation measure is all about trying to get pension funds to help to create greater productivity within the UK economy. A couple of days ago, in a very helpful intervention on a speech made by my hon. Friend the Member …..." Mark Garnier - View Speech
"I beg to move, That the clause be read a Second time.
Under new clause 37, the review of the impact of the Act would focus on pensions adequacy. The current Government plan to delay the comprehensive consideration of pensions adequacy to future phases of the pensions review. Any resulting …..." Mark Garnier - View Speech
"I am partially reassured by the Minister’s comments, but it really comes down to the kindness of my heart—I would not want the hon. Member for Hendon to be pulled off the Committee and put in an awkward situation. It would be unfortunate to force him to fall out with …..." Mark Garnier - View Speech
"I beg to move, That the clause be read a Second time.
This will be the last new clause I will be talking to. It looks at the guidance on the roles of the Financial Conduct Authority and the Pensions Regulator. In preparing for this Bill, we spent a lot …..." Mark Garnier - View Speech
"I am highly reassured by the Minister’s words. The important point is to ensure that if the bodies are to work together and do this, we need to keep them held to account on it. The Financial Conduct Authority was set up as an independent regulator and reports back to …..." Mark Garnier - View Speech
"We tabled new clause 37 partly to try to get some reassurance from the Minister. Two years is still quite a long time, as is five, but it is incredibly important that we are on top of what is going on in the pension industry, not least because we do …..." Mark Garnier - View Speech
Amendments made: 225, in clause 101, page 98, line 24, leave out “after 31 December 2029”.
This amendment, together with Amendment 227, means that relevant Master Trusts and group personal pensions will not have to comply with …..." Mark Garnier - View Speech
"Amendments 255 and 256 relate to the value-for-money framework timeline that we discussed when we considered clause 41 on Tuesday and are related to Conservative amendment 257, which was withdrawn. When we considered amendment 278, which was tabled by the hon. Member for Tamworth, the Minister committed to consider the …..." Mark Garnier - View Speech