"This group of amendments relates primarily to the new pensions freedoms announced by the Chancellor in the Budget last year, which will generally come into effect on 6 April this year. I shall begin with the pension guidance and guarantee, now known as Pension Wise, covered by amendment 10 and …..." Steve Webb - View Speech
"I hope that I can respond helpfully to the two sets of issues that the hon. Gentleman raised. I thank him for using the attractive word “dovetailing” to describe what is happening between DWP and HM Treasury legislation.
The hon. Gentleman asked about the second line of defence. I think …..." Steve Webb - View Speech
"Later today I intend to publish an update paper entitled “Automatic transfers: A framework for consolidating pension savings”.
This paper sets out the progress we have made in designing a model for automatically transferring a worker’s small pension pots when they change employment.
"The right hon. Gentleman is very careful with his figures, so he will know the answer to this question. He points to the future jobs fund as evidence of how his new scheme would work, and he says he hopes those new jobs would be in the private sector. What …..." Steve Webb - View Speech
That the draft Social Security Benefits Up-rating Order 2015, which was laid before this House on 19 January, be approved...." Steve Webb - View Speech
"Let me first deal with what is an entirely technical matter that we attend to each year and that I imagine we will not need to dwell on today. The Guaranteed Minimum Pensions Increase Order 2015 provides for contracted-out defined-benefit schemes to increase their members’ guaranteed minimum pensions that accrued …..." Steve Webb - View Speech
"I can, indeed. It is unclear what the previous Government would have done if they had carried on. As far as we know, they would have used the retail prices index until 2012 and then earnings probably from 2012. That is our best guess as to what they would have …..." Steve Webb - View Speech
"I will come on to the issue of the use of the RPI, because the right hon. Gentleman knows the RPI has fallen into disrepute and no credible Government would have continued with the RPI, so the question does not arise.
"I know that my hon. Friend listens to nothing other than podcasts of “More or Less”. When Tim Harford was interviewed on the “Today” programme recently, he was asked what his favourite statistic was. The nation waited, agog to hear his reply. He said it was the CPI. So when …..." Steve Webb - View Speech