Pension Schemes Bill

Debate between Torsten Bell and Peter Swallow

Report stage
Wednesday 3rd December 2025 Commons Chamber

[Torsten Bell]

I thank the hon. Member, who was one of the contributors to our debates on this matter in Committee. I hope to bring forward clarity on the next steps in a matter of months.

[Peter Swallow (Bracknell) (Lab)]

I thank the Minister for making this important announcement about a consultation on the role of trustees. As part of that consultation, will he keep in mind the important issue of pre-1997 indexation so that we can ensure that trustees are acting in the best interests of their pensioners?

[Torsten Bell]

My hon. Friend has discussed this challenge with me many times and is a powerful campaigner for his affected constituents. I give him absolutely that assurance, and I extend to him the same offer I have given to other hon. Friends: I will be happy to meet him and affected constituents, or trustees who have been affected by this issue.

Oral Answers to Questions

Debate between Torsten Bell and Peter Swallow

Monday 1st September 2025 Commons Chamber

[Peter Swallow (Bracknell) (Lab)]

T9. Can my hon. Friend set out how this Government are reforming pensions long term to help people in Bracknell Forest and across the country to save for their futures?

[Torsten Bell]

I thank my hon. Friend for his crucial question. That is exactly why we have revived the landmark pensions commission. We have to confront the reality that we are on track for tomorrow’s pensioners to be poorer than today’s. Auto-enrolment has been a huge success, with 88% of eligible employees now saving, but 45% of working-age adults, including 3 million self-employed and one in four low earners, are currently saving nothing. The commission will ensure that we build a pension system that is strong, fair and sustainable.

Winter Fuel Payment

Debate between Torsten Bell and Peter Swallow

Monday 9th June 2025 Commons Chamber

[Torsten Bell]

Yes, that is exactly what we are doing, and we are funding that, because this Government know that we need to make difficult decisions, and will make them, so that we can deliver priorities such as investment in better housing stock.

[Peter Swallow (Bracknell) (Lab)]

I welcome this news, which will mean that more pensioners in Bracknell Forest receive this important benefit, and the Government’s recommitment to the triple lock. Does the Minister agree that a Conservative party that cannot decide whether it supports giving winter fuel payments to millionaires, whether it backs the triple lock, or even whether Liz Truss is a member is in no position to govern this country every again?

[Torsten Bell]

Obviously, I agree with my hon. Friend in lots of ways, but it is really important to dwell on the point that he made at the beginning of his question. Through these changes, the vast majority of pensioners— over three quarters—will receive winter fuel payments this winter. We can give them the necessary reassurance that they do not need to do anything for that to happen, even if they are on a higher income.