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Pension Schemes Bill [Lords]

Part of the debate – in the House of Commons at 8:55 pm on 30th January 2017.

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Photo of Julian Knight Julian Knight Conservative, Solihull 8:55 pm, 30th January 2017

I really welcome this legislation, but I am not the only one. I do not know whether the Secretary of State is aware of the comments of Morten Nilsson, the CEO of NOW: Pensions, a huge master trust. He has said:

“When we entered the market we were shocked at how easy it was to set up a master trust. It was simply a case of sending a form off to HMRC and The Pensions Regulator, nothing more.”

I am very glad that the Government are looking to address that serious issue.