April 2026

I thank the Members from across the House who have contributed to the debate today. Let me respond directly to a few of their comments. I welcome much of the shadow Secretary of State’s remarks. I am glad that she welcomed many of the Government’s amendments, including those on public sector pensions and around innovation and competition—I appreciate that. I hope, when those issues are debated in the Lords in the near future, that there will be similar consensus across that House. The shadow Sec

I am afraid the hon. Member has just revealed his lack of focus on what is going on. Pension schemes from around the world are investing in British private assets; it is UK pension schemes that are not. The hon. Member implied that there were minefields when investing in Britain. It is that kind of talking down Britain that is the problem. We are making sure that there is a robust pipeline of investments, which is absolutely right.

I fear the hon. Lady has not sat through enough of these sessions. Earlier, those on her own Front Bench engaged exactly with some of the arguments that I have made, explaining exactly the points she has raised. I will just say that she should go and have a look at what Australian pension schemes are doing investing in UK infrastructure and go and look at what is happening when US investors are investing in UK venture capital. Why is that happening? It is not because of differential tax breaks—t

The truth is that there is a range of opinion among ABI members about that. However, there is agreement across the industry about the need to deliver change. I turn to some of the comments made by the hon. Member for Torbay (Steve Darling) who, again, kindly did not refer to the Lib Dem manifesto, which called not just for reserve power, but for the direction of pension scheme assets into certain asset classes. I gently say that it is a shame to not see him engage with the substance, rather than

Andrew Western voted AYE on 'Pensions Schemes Bill: motion to disagree with Lords Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insist on Amendments 88A and 88C and propose amendments (a) to (j) in lieu of Amendment 88B' (272-149, passed)

Ashley Dalton voted AYE on 'Pensions Schemes Bill: motion to disagree with Lords Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insist on Amendments 88A and 88C and propose amendments (a) to (j) in lieu of Amendment 88B' (272-149, passed)

Alistair Strathern voted AYE on 'Pensions Schemes Bill: motion to disagree with Lords Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insist on Amendments 88A and 88C and propose amendments (a) to (j) in lieu of Amendment 88B' (272-149, passed)

The Public Accounts Committee has had a number of hearings on this issue, and I am sure the Chair, the hon. Member for North Cotswolds (Sir Geoffrey Clifton-Brown), will want to ask some questions. First of all, there is a shared responsibility here. MyCSP has responsibilities, but I have to say that the Cabinet Office oversaw this, and there are real questions that the Minister should be asking officials in the Cabinet Office about their degree of responsibility. We have had so many assurances

I present this petition on the River Brue and water regulation, following 203 sewage dumping events last year, which lasted 2,716 hours. I also mention the work done by groups such as BrueCREW, Somerset Wildlife Trust and Somerset Eel Recovery Project, which have campaigned to improve the river’s health. The petition declares “that the River Brue is a valued ecological area that supports local trout, eel and other fish populations.” The petitioners therefore request “that the House of Commons ur

I rise to present a petition in support of my constituents in Poole who are opposed to the threatened closure of Hamworthy fire station. This petition sits alongside an online campaign led by the Fire Brigades Union, signed by over 16,700 people, and relates to wider proposed closures across Dorset and Wiltshire of eight stations, which risk longer response times for residents and more dangerous conditions for firefighters. The petitioners therefore request that the House of Commons urges the Go

Sarah Edwards voted AYE on 'Pensions Schemes Bill: motion to disagree with Lords Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insist on Amendments 88A and 88C and propose amendments (a) to (j) in lieu of Amendment 88B' (272-149, passed)

Gen Kitchen voted AYE on 'Pensions Schemes Bill: motion to disagree with Lords Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insist on Amendments 88A and 88C and propose amendments (a) to (j) in lieu of Amendment 88B' (272-149, passed)

Chris Webb voted AYE on 'Pensions Schemes Bill: motion to disagree with Lords Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insist on Amendments 88A and 88C and propose amendments (a) to (j) in lieu of Amendment 88B' (272-149, passed)

Lewis Atkinson voted AYE on 'Pensions Schemes Bill: motion to disagree with Lords Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insist on Amendments 88A and 88C and propose amendments (a) to (j) in lieu of Amendment 88B' (272-149, passed)

Emma Foody voted AYE on 'Pensions Schemes Bill: motion to disagree with Lords Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insist on Amendments 88A and 88C and propose amendments (a) to (j) in lieu of Amendment 88B' (272-149, passed)

Simon Opher voted AYE on 'Pensions Schemes Bill: motion to disagree with Lords Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insist on Amendments 88A and 88C and propose amendments (a) to (j) in lieu of Amendment 88B' (272-149, passed)

Mark Ferguson voted AYE on 'Pensions Schemes Bill: motion to disagree with Lords Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insist on Amendments 88A and 88C and propose amendments (a) to (j) in lieu of Amendment 88B' (272-149, passed)

Josh MacAlister voted AYE on 'Pensions Schemes Bill: motion to disagree with Lords Amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88, insist on Amendments 88A and 88C and propose amendments (a) to (j) in lieu of Amendment 88B' (272-149, passed)

I congratulate my hon. Friend on stewarding the Bill with such expertise, and I very much hope that the cultural change that he is hoping for sticks and that we do not just get an unwinding of the repatriation of UK investment. A necessary corollary of what he is proposing is a fiduciary duty and a fiduciary code that give pension fund trustees real clarity in investing in a wide range of investments that are good for the long-term health of the savings they are stewarding. It was unfortunate th

I rise to say a couple of things in support of the Minister, who not only has done a heroic job in laying out the intellectual architecture for the legislation before he got to the House, but is so expertly steering it through the House. I wish him all the very best this afternoon in finishing the job. I want to make three points. First, the measures that the Minister has set out are essential if we are to pursue the long-term interests of pension savers in this country. It is in their fundament