argyrotsipi/train-dataset huggingface dataset:
Participation in Debates — House of Commons, 2020-11-16
Topic: Government Operations
Marco Longhi (Conservative, Centre-right): I know the Leader of the House will do everything he can to make virtual access to Parliament as widespread as possible for those needing to work remotely, but does he agree that maintaining a personal presence in Parliament is key in delivering Parliament’s work and key in setting an example to all those we are asking to carry on working?
Participation in Debates — House of Commons, 2020-11-16
Topic: International Affairs
Jacob William Rees-Mogg (Conservative, Centre-right): I am grateful to the hon. Gentleman for his typically reasonable and helpful question. Obviously, if there were to be an agreement with the European Union and votes and debates on it, that would be a matter of interest to the whole House. I feel that what is being proposed and will come forward in a motion will allow that to happen. All Members are currently able to have a proxy vote, and therefore their vote will be recorded. It is very important to note that, although the proxy vote may be in the hands of Whips, individual Members are absolutely entitled either to give it to somebody else or to ask the Whip to vote in a different way from the way the Whip wants them to vote. It is not a vote that is handed over for good, and that is fundamental. The individual right of a Member to direct his or her vote is maintained, and these proposals will allow those who are clinically extremely vulnerable to participate in debates remotely. I hope that there will be an outbreak of union between the Conservative party and Plaid Cymru, though we may disagree about the status of our nation.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Labor
Guy Thomas Opperman (Conservative, Centre-right): I am grateful to the right hon. Gentleman for our conversation in the Library beforehand, during which he flagged this point to me. Subject to the powers that I have, given that Pension Wise is an arm’s length body, I am very happy to review the annual publication, to go back to a monthly publication. I would simply make the point that the "Stronger Nudge" is happening as a result of the Work and Pensions Committee’s 2018 recommendation. We are enacting what the Committee asked us to do.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Labor
Shailesh Lakhman Vara (Conservative, Centre-right): The right hon. Gentleman speaks with huge authority on this subject, having formerly been Pensions Minister. He will, however, appreciate that no matter how many times some people are written to, they simply will not respond, so there will be a proportion of people to whom letters are written who will not take up the option of an appointment and will not indicate that they wish to opt out. What does he propose for those people? I dare say there will be a significant number of them. For them, it will be maintenance of the status quo.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Law and Crime
Guy Thomas Opperman (Conservative, Centre-right): I am grateful to the right hon. Gentleman for giving way again. He knows that I have exchanged a series of letters with the Work and Pensions Committee and with him, having met him and the all-party parliamentary group on financial crime and scamming, and that I have placed in the House of Commons Library letters of 6 October and 22 October. Following his suggestion in Committee, I clarified an extra point in a letter dated 11 November, which I placed in the Library. We share his revulsion on these particular points, and believe that clause 125, with suitable regulation, can address these issues.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Labor
Nigel John Mills (Conservative, Centre-right): It is a pleasure to speak in the debate, to follow the right hon. Member for East Ham (Stephen Timms), the Chair of the Select Committee and to speak to the amendments that he has tabled and I have signed. I will start where he did, with the issue of mandatory guidance—or as near mandatory as we could make it, as I raised on Second Reading The right hon. Gentleman quoted the key statistics, which show that the take-up of this excellent, high-quality service—it attracts brilliantly good feedback from those who use it, and the people who provide that service accept that it changes the mind of 70-something per cent. of those who actually use it—is feebly low. Trials showed that the figure was somewhere around 3%, before the nudge was implemented. That is not what this Parliament envisaged when, five or so years ago, we introduced the pension freedoms. The safeguard we put in place at that time was to create the Pension Wise service: free guidance so that people would have the chance to check what they were doing was the right thing for them in exercising choices they did not used to have. Those choices are incredibly complicated. In many cases, they are a once-and-for-all: once they have done something, they cannot reverse out of it That is why, as a Parliament, we were so keen for people to have that chance of a warning and to understand how this all works. They save up all their money for 40 or so years at work and get to the very end point. In many cases, they do not understand all the options. They do not know what they are being sold and they buy the wrong thing. The data in the FCA’s own retirement outcomes review from about three years ago shows that a high proportion of people are just defaulting into a drawdown scheme with their existing pension provider. They are not shopping around and looking at the other options.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Labor
Nigel John Mills (Conservative, Centre-right): I was coming on to say that there are better ways we could do this. I accept that we should encourage funds as strongly as we can to use the vast sums at their disposal to support investment in climate goals and other socially positive activities, but that should be done in part through member choice. There should be eco-friendly pension schemes and socially responsible ones, but they should allow their members to choose to opt into those schemes, and not have them as the default, if they are going to have a lower pension at the end of it.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Environment
Aaron Stuart Bell (Conservative, Centre-right): Does my hon. Friend agree that an unintended effect of amendment 16 might be that pension funds feel they have to divest themselves from oil giants and so on? Those are the companies we need to address climate change—we cannot get to net zero without working with them—and divestment is not the right approach.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Environment
Nigel John Mills (Conservative, Centre-right): I am grateful to the hon. Member, but I am not sure what the amendment would achieve then. If we say to a pension scheme, "You need to make sure that your overall investments are consistent with the nationwide net zero strategy", they can just say, "Of course we are because there is a nationwide net zero strategy and we are just investing in legal businesses", which we would presumably put taxes or carbon levies on to make sure we push this. It becomes a circle that would presumably mean only that the trustees have to produce a strategy and occasionally review it. It would not actually drive a great deal of different behaviour. I think I would want to see much more activist investment from pension schemes and their investment advisers to ensure that the businesses that they are investing in are sticking to their obligations and strategies on how they can reduce their impact on the environment, making sure that those promises are being kept on a management level rather than setting trustees an impossible target, which I am not sure would even mean what hon. Members seek to make it mean.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Labor
Nigel John Mills (Conservative, Centre-right): I am grateful to the Minister and I agree. The measures in the Bill are very sensible steps forward that will make a great difference. What is proposed in amendment 16 would just create a horrible mess for the pensions industry without really achieving anything further, so I will not support it if it is pushed to a vote.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Macroeconomics
Richard Michael John Ogilvie Graham (Conservative, Centre-right): This is an important point and the Minister will know that there are open schemes with considerable assets which could be deployed to the advantage of this nation in investing in means of growth for the future. Where they are funded, being open, it gives them a huge advantage and of course the current situation on bond yields makes it even less helpful for them purely to invest in gilts and so on. So I strongly support what the hon. Lady is saying. Does she agree that it would be helpful if the Minister could refer to this again in winding up?
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Environment
Gareth Mark Davies (Conservative, Centre-right): I am grateful to the Minister for his generous remarks and I thank him for his support of my campaign to bring about green gilts in this country. I agree that it is a way in which pension funds can contribute to the climate change effort in a meaningful way, moving billions of pounds of capital towards the goals that everybody across this House really wants to achieve, so I thank him for that intervention Finally, I fear that, although the amendment is well-intentioned, it is poorly focused. In my experience, trustees want to invest with purpose and according to their values. Likewise, fund managers have, over the past several years, moved great mountains, a lot of money and a lot of effort to incorporate ESG risk into most of their investment processes, and I do not believe that any asset manager in the future will be able to survive unless they integrate ESG climate risk as part of their investment process.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Environment
Richard Michael John Ogilvie Graham (Conservative, Centre-right): As a trustee of the parliamentary pension fund, may I highlight that the changes on page 118 of the Bill on climate change risk are incredibly important and will help encourage trustees and pension funds in general to make investments that are pro-environment, pro-green and pro-climate change? I am absolutely in agreement with my hon. Friend that the proposed additional new clause 16, which would require pension funds to align with the Paris agreement goal, is a step too far. Does he agree that the Minister should focus on that in his summing up as well?
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Labor
Guy Thomas Opperman (Conservative, Centre-right): I welcome the hon. Gentleman back to the House, as this is the first opportunity I have had to do so. He is rightfully regarded as an institution in this place and long may that continue. I hope that he will understand that a combination of the pensions dashboard, as set out in clause 118, which will give people online access to their pensions, simpler statements, which the Department is taking forward in respect of written statements, and many other pieces of work we are doing to trace individual pensions will make tracking down past pensions an awful lot easier.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Macroeconomics
Guy Thomas Opperman (Conservative, Centre-right): The hon. Gentleman knows that we have looked at this repeatedly, and I have met many of the individual plumbers, from Perthshire to Angus, Lancashire and beyond. He refers to my esteemed colleague Richard Harrington, who is no longer in this place. He put forward the Green Paper that looked specifically at this point and applied the full force of Government, and all the consultations on section 75. There were 853 responses, including 70 specific responses to the question regarding legislative changes on employer debt. Regrettably, as the hon. Gentleman knows, the vast majority sought no change to the employer debt position. That is the reason we are in the situation we are in.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Environment
Guy Thomas Opperman (Conservative, Centre-right): I am listening to the hon. Lady’s speech with great interest, and I am just wondering whether she is aware that the ESG—environmental, social and governance—regulations came into force only eight weeks ago and clause 124 specifically addresses the matters that she is outlining, and more particularly that we published in August specific action on tackling climate risk and improving the governance of occupational pension schemes. That is exactly what the consultation is all about.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Labor
Guy Thomas Opperman (Conservative, Centre-right): I just want to correct one point, which I was going to try to deal with in more detail later. The claim has repeatedly been made that this is "spin", but if one studies the stronger nudge behavioural trial, one sees that more than a quarter of the people who contacted their provider in the trial had already received pension advice or guidance in the last year and therefore were excluded from the sample. So this cannot be seen in the context of a simple figure that keeps being restated, as the hon. Gentleman has just done.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Labor
Richard Michael John Ogilvie Graham (Conservative, Centre-right): The hon. Gentleman is making a point that a number of us made earlier. I notice that in the Committee, on which the hon. Gentleman served, the Minister responded pretty clearly by saying: "Open schemes with a strong sponsoring employer that are immature and have managed their risk appropriately should not be forced into an inappropriate de-risking journey."––[Official Report, Pension Schemes Bill [Lords] Public Bill Committee, 5 November 2020; c. 80.] I found that quite reassuring; what does the hon. Gentleman think?
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Labor
Guy Thomas Opperman (Conservative, Centre-right): With no disrespect, that is a matter for the trustees. The hon. Gentleman can make the case to the trustees as to whether it would be too costly or too lengthy to receive a recovery In respect of new clause 5, the deferred debt arrangements were introduced as an easement to help employers struggling to manage their section 75 debts in an open non-associated multi-employer scheme. The new clause, I am afraid, offers only a temporary respite at best. The debt would still exist and would have to be paid in the future. The employer would have to pay potentially a larger section 75 debt in future if the scheme’s funding position declined further. The employer would also remain liable for deficit repair contributions. The amendment would not, I suggest, help sole traders who want to retire, or who have retired, and want to completely end their liability of the scheme In respect of new clause 2 and the Pensions Commission, I am afraid, as I have repeatedly made clear to the hon. Member for Airdrie and Shotts (Neil Gray), that this is not something that the Government can support I finally turn to new clause 1, which was proposed by the right hon. Member for East Ham (Stephen Timms) and the Chair of the Select Committee. It is quite clear that there is a common intent across the House to improve guidance to individuals. I cannot support his amendment, not least because it would potentially apply, so I am advised, to defined benefit as well as defined contribution. It is something that would massively enhance the workload of Pension Wise by at least 10 times. He will be aware that there are more than 4.4 million individuals with unaccessed DC pension wealth aged 45 to 54 in the UK. In 2019-20, Pension Wise processed 200,000 transactions. I respectfully suggest—
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Labor
Guy Thomas Opperman (Conservative, Centre-right): I stand by section 19 of the Financial Guidance and Claims Act 2018, which specifically sets out that where a scheme member makes an application to transfer pensions rights or start receiving flexible benefits, they have to be referred to appropriate pensions guidance and provided with an explanation of the nature and purpose of the guidance. Before proceeding with an application, "the trustees or managers must ensure that the beneficiary has either received appropriate pensions guidance or has opted out of receiving such guidance." What we are proposing as a result of section 19 and the stronger nudge proposals is what the Work and Pensions Committee asked us to do. I mean no disrespect to the right hon. Gentleman, but our esteemed colleague who sadly is not with us anymore, Mr Frank Field, the former Member for Birkenhead, made the case very robustly in documents I am happy to disclose to the House—documents that the right hon. Gentleman will have as Chair of the Committee—that what the Government are doing is the right way forward. Because of that, we changed the previous Bill to do exactly what we are proposing to do now However, I am very keen to work with colleagues across the House and with the Work and Pensions Committee to take forward the proposals to enhance and improve the guidance that is available. I hope that the right hon. Gentleman will work with me and the Government to ensure that that takes place. I may not have responded to some colleagues, for which I apologise, but I thank all colleagues for their support of his groundbreaking Bill.
Pension Schemes Bill [Lords] — House of Commons, 2020-11-16
Topic: Labor
Guy Thomas Opperman (Conservative, Centre-right): I congratulate my hon. Friend on making her point so eloquently and intervening speedily in this short Third Reading speech. I can confirm that the law stays as per the Supreme Court decision, even after we leave the EU. I stand by what I wrote to her in the detailed letter that I drafted to her in October, a copy of which I will place in the House of Commons Library to set the matter firmly on the record Before I was so generously interrupted, I was saying that this is a hugely important piece of legislation with cross-party support, for which I thank colleagues from all parties, including the hon. Member for Birmingham, Erdington (Jack Dromey), who cannot be with us tonight. The Bill will affect the lives of millions of our constituents throughout the country; make pensions safer, better and greener; stop scams; introduce CDCs; create pension dashboards; and crack down on callous crooks who take away our constituents’ pensions. It also legislates for a new type of pension scheme, establishing the dashboard and making pensions fundamentally greener. I commend the Bill to the House.
Free Trade Agreement: Japan — House of Commons, 2020-10-08
Topic: Foreign Trade
Elizabeth Mary Truss (Conservative, Centre-right): The deal with Japan will go further and faster than we had under the EU, including by increasing the number of geographical indications from seven in the EU-Japan deal to up to 70 in our new agreement, from Cornish clotted cream to Scotch beef. Furthermore, Japan has guaranteed market access for UK malt exports under an existing quota, which is more generous and easier to access than the EU quota.
Free Trade Agreement: Japan — House of Commons, 2020-10-08
Topic: Agriculture
Dehenna Sheridan Fareham (Conservative, Centre-right): My right hon. Friend recently visited Grange Hill farm just outside Bishop Auckland, and John, Jane and Becky—the farmers there—are rightly very proud of the high-quality beef products that they produce. Will my right hon. Friend tell the House how this and others deals she is seeking, such as the deal with the USA, will benefit British beef farmers right across our United Kingdom?
Free Trade Agreement: Japan — House of Commons, 2020-10-08
Topic: Foreign Trade
Elizabeth Mary Truss (Conservative, Centre-right): I hugely enjoyed my visit to Grange Hill farm with my hon. Friend. Our deal means that British beef going into Japan will have lower tariffs. We also announced last week that the first beef for 24 years was shipped from Britain to the United States. In the United States trade deal, we will seek to remove the 26% tariff on British beef so that we can get even more of that great product into that market.
Free Trade Agreement: Japan — House of Commons, 2020-10-08
Topic: Agriculture
Elizabeth Mary Truss (Conservative, Centre-right): We are absolutely clear that we are going to stand up for our high standards in any deal we strike, including with the United States, and make sure that the high standards our farmers operate to will not be undermined.
Free Trade Agreement: Japan — House of Commons, 2020-10-08
Topic: Agriculture
Robert Joseph Roberts (Conservative, Centre-right): May I start by praising my right hon. Friend and her Department for the sterling work that she is doing in making us a global trading nation once again? As well as the wonderful beef exports of the north-east, it will come as no surprise to her that Welsh lamb is a major part of the Delyn economy. It would be remiss of me not to stand up for the agricultural sector in my constituency, so what message can she give me to take back to my local farmers to tell them that they will not only do well in the new arrangements, but thrive, prosper and grow?
Free Trade Agreement: Japan — House of Commons, 2020-10-08
Topic: Foreign Trade
Elizabeth Mary Truss (Conservative, Centre-right): Welsh lamb is some of the best in the world, and in the new Japan trade deal, Welsh lamb will be recognised as a GI for the first time. We got our first Welsh and British lamb into Japan for over 20 years last year, opening up a market worth £52 million. My next target is to get the ban on lamb removed in the United States, which would be a huge market. The US is the second largest lamb importer in the world.
Free Trade Agreement: Japan — House of Commons, 2020-10-08
Topic: Foreign Trade
Elizabeth Mary Truss (Conservative, Centre-right): I can confirm that we will have a world-leading scrutiny process, comparable with Canada, Australia, New Zealand and Japan. That will mean the International Trade Committee scrutinising a signed version of the deal and producing a report to Parliament, a debate taking place and then, through the CRaG—the Constitutional Reform and Governance Act 2010—process, Parliament can block any trade deal if it is not happy with it.
Free Trade Agreement: Japan — House of Commons, 2020-10-08
Topic: Agriculture
Elizabeth Mary Truss (Conservative, Centre-right): I can absolutely say that we are not grabbing powers; we are using the powers that were previously in the hands of the European Union to create a strong internal market across the United Kingdom. That it is vital, because Scottish farmers need to be able to sell their lamb and beef into England, Wales and Northern Ireland without impediment.
Scotch Whisky: US Tariff — House of Commons, 2020-10-08
Topic: Foreign Trade
Gregory William Hands (Conservative, Centre-right): The Government take very seriously the punitive US tariffs on UK goods, including on single malt Scotch whisky. We are fighting for the removal of all such tariffs and are pushing for a negotiated settlement to the underlying World Trade Organisation civil aviation cases. The Secretary of State raised these issues most recently with US trade representative Ambassador Lighthizer in September.