Pension Schemes (Conversion of Guaranteed Minimum Pensions) Bill - Second Reading

Part of the debate – in the House of Lords at 11:18 am on 25 March 2022.

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Photo of Baroness Redfern Baroness Redfern Conservative 11:18, 25 March 2022

My Lords, I thank the noble Lord, Lord Davies, and the noble Baronesses, Lady Wheatcroft and Lady Drake, for their contributions today. In particular I thank my noble friend Lady Stedman-Scott and the noble Baroness, Lady Merron, for their support for the Bill. I thank the staff who have so ably guided me through the Bill. I particularly thank Margaret Ferrier, who very ably steered it through the other place so that it might be debated here today.

Correcting this basic issue of financial differences in people’s hard-earned pension income is important. I am heartened and grateful to see that there is clear cross-party agreement on this issue. I beg to move.

Bill read a second time and committed to a Committee of the Whole House.