"Several hon. Members have said, absolutely rightly, that access to financial advice fell in the aftermath of the reforms over a decade ago, but there is some better news on Pension Wise. The 2024 Financial Lives survey showed that of those who accessed a defined-contribution pot within the last four …..." Torsten Bell - View Speech
"Based on the evidence from the PPF’s purple book, we anticipate that five to 10 so-called PPF-plus schemes on average each year could benefit...." Torsten Bell - View Speech
"The clause amends the onboarding conditions in these instances, to allow trustees of a scheme in PPF assessment to seek to secure their liabilities with a superfund at less than full benefits, but more than would otherwise have been secured through a buy-out that was available, given the level of …..." Torsten Bell - View Speech
"I absolutely recognise the issue that my hon. Friend has raised: any of us in that situation would want those pension increases to continue. She is aware of the legal background, but I should point out that scheme rules govern when inflation-linked increases can be paid. They are not changed …..." Torsten Bell - View Speech
"I am not absolutely clear whether the particular case that the hon. Gentleman is raising relates to people within the Pension Protection Fund and the financial assistance scheme or to a pre-1997 indexation within a solvent pension scheme, but if he writes to me with the details I will absolutely …..." Torsten Bell - View Speech
"I obviously recognise the challenges facing those without inflation protection, particularly after the cost of living pressures of recent years, and I think that recognition is shared by Members on both sides of the House. I met a cross-party group of MPs earlier this year to discuss exactly this issue. …..." Torsten Bell - View Speech
"The hon. Lady has mentioned a specific company, although a small number of others are in the same position. I am sure that not only the people running that company but the trustees will have heard the powerful case made by Members on both sides of the House. These decisions …..." Torsten Bell - View Speech
"The previous Minister for Pensions met representatives of the WASPI campaign in order to hear directly from them about their experiences. She was the first Minister to do so in eight years. I will look into the details of the letter the hon. Gentleman mentions...." Torsten Bell - View Speech
"I thank the hon. Lady for her question. In general, lots of life could do with less “computer says no”, so on that basis we will agree. On the specifics of the question she raises about pension credit, the nature of the system is obviously that it provides a guaranteed …..." Torsten Bell - View Speech