Private Sector Pensions Debate

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Department: Department for Work and Pensions

Paul Masterton

Main Page: Paul Masterton (Conservative - East Renfrewshire)

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Private Sector Pensions

Paul Masterton Excerpts

Points of Order
Monday 22nd January 2018

(6 years, 3 months ago)

Commons Chamber
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Esther McVey Portrait Ms McVey
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I am aware that that was debated with the Pensions Minister 10 days ago, and he is looking specifically at the points the hon. Gentleman raised then. The hon. Gentleman is fighting a good cause, and I am sure that we will be able to come up with a solution.

Paul Masterton Portrait Paul Masterton (East Renfrewshire) (Con)
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The best form of pension protection that anyone can have is a sustainable employer. While the Pensions Regulator has wide-ranging powers, they are rarely used and it is often a bit toothless. Is the Secretary of State satisfied that any new powers, welcome though they may be, will be backed by proper resources?

Esther McVey Portrait Ms McVey
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When we bring forward new powers, it is vital that they are workable, that they have a strong, secure footing and that they are affordable. We are looking at that as we review how to introduce stronger legislation.

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