Speeches by Darling.

“In Torbay, which is sadly one of the most deprived constituencies in the south-west of England, bus travel is the primary form of public transport. The £2 price cap was valued by young people and by those of working age in navigating Torbay. Does my hon. Friend agree that its reinstatement would help oil the wheels of …”

“I understand that Ukraine holds approximately €190 billion in frozen Russian assets. Press reports today suggest that there is a level of flexibility in the stance on releasing them, as long as there are some legal guarantees from the European Union around the risks that may be faced. Are the Government supporting the …”

“We have no issue with the technical amendments. However, for us the crucial issue in the Bill is driving an environment of positive investment, and a system in the United Kingdom that individual investors—as in, would-be pensioners—can believe in. The mandation element causes concern. As has been alluded to, there are …”

“As Liberal Democrats, one of the key lenses through which we look at the legislation is: how does it simplify the world for those who are not the most financially literate savers into their pensions? As Liberal Democrats, we strongly support the “pot follows member” approach, as it would simplify matters for people. It…”

“Would the Minister be kind enough to reflect on a situation currently at play in the market, whereby Phoenix Group is withdrawing the management of billions of pounds from Aberdeen Group? These master products offer opportunities that could significantly impact on viability. Could the Minister reflect on that?”

“As the Liberal Democrat spokesperson, I echo that this is a direction of travel that we welcome. The vast majority of the proposals that are before us today are uncontentious. They follow the correct direction of travel in growth and change that we want to see in our pensions system in the United Kingdom. Question put …”

“I thank the Minister for his positive feedback. I beg to ask leave to withdraw the amendment. Amendment, by leave, withdrawn. Amendments made: 152, in clause 42, page 56, line 1, leave out “are to assess the needs and interests of its” and insert “of a scheme are to assess the needs and interests of the scheme’s”. This…”

“I beg to move amendment 279, in clause 42, page 55, line 40, at end insert— “(4A) The trustees or managers of a relevant scheme, in determining whether to adopt or vary a default pension benefit solution, must— (a) issue a written notice of the proposal to all members of the scheme, including— (i) the expected impact o…”

“It is a pleasure to serve under your chairmanship, Mr Turner. Will the Minister put a little more flesh on the bone in respect of the ladder of opportunity for new entrants? We need to make sure that we do not end up with a system with large schemes and nobody being able to get into the super-league of opportunity that…”

“Reflecting on events over the weekend, may I congratulate the Minister on being one of the few who remained in post? There is talk of the Prime Minister using all levers of power to drive forward work on certain wicked issues. One of the big wicked issues is the lack of affordable housing. In my constituency of Torbay,…”

“I echo what the shadow Minister has just highlighted. We all want the reform that the Bill introduces, but we do not want what results from this process to be set up forever, with a lack of opportunity for change; I will talk a little further about that when we come to new clause 3. Some reassurance from the Minister t…”

“I am concerned about the Getting It Right First Time NHS template that the health service applies to our health services in Devon and Cornwall. It is a system that is very much drawn from the metropolitan experience of health provision and does not account for sparsity and the fact that we have seas either side of us. …”

“When I visit teachers in Torbay secondary schools, I reflect on how there is often a bay mentality and a lack of aspiration for youngsters. Does the hon. Gentleman agree that often in our local coastal communities there is a lack of aspiration compared with many metropolitan areas, where there is greater richness of cu…”

“In Torbay, we have almost 50% more people who rent in the private sector than the national average. While the vast majority of landlords are good landlords, sadly there are some rotten apples out there. Pushing against Lords amendment 26 is essential, because we need to ensure that local authorities have the powers to …”

“I am sure that the Minister, as a fellow Devon MP, will be only too well aware of our thriving high-tech cluster and the support it provides to the defence industry from its base in Torbay. What assurance can the Minister give our high-tech cluster in Torbay that it will be taken account of as this strategy develops, s…”

“I start by wishing the Minister a happy birthday. [Hon. Members: “Hear, Hear.”] I am sure that for all of his life he has wanted to be sitting on a pensions Bill Committee on his birthday. More seriously, when we were in desperate measures in my time as a local authority councillor in Torbay, we borrowed to invest and …”

“As the Liberal Democrat spokesperson, and echoing the hon. Member for Wyre Forest, I broadly welcome the thrust of the Bill. We heard in evidence that a lot of the industry is playing catch-up and is about 15 years behind those who are best in class. As Liberal Democrats, we are keen to make sure that we are supporting…”

“I should start by saying that I do not recognise the purist approach that we have heard from the hon. Member for Aberdeen North. This is an issue close to my heart, because my father, having seen the poverty that his father was in, saved significantly in his private pension scheme as a lorry driver. Sadly, however, he …”

“I am happy for the Committee to proceed.”

“I rise to speak in respect of amendments 265 and 267, which echo the issues already covered by the shadow Minister. Allowing 60 days’ notice to scheme members is extremely important to the Liberal Democrats—and, to be fair, I am sure it is also important to the Government—and the central intention is to protect outcome…”