Clause 12 - VFM assessments

Part of Pension Schemes Bill – in a Public Bill Committee at 3:15 pm on 4 September 2025.

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Photo of Mark Garnier Mark Garnier Shadow Economic Secretary (Treasury), Shadow Parliamentary Under Secretary (Work and Pensions) 3:15, 4 September 2025

Clause 12 seems fairly reasonable in its approach. Liberal Democrat new clause 42 seems in the broadest sense to follow our Amendment 254 in respect of the Australian model; should it be pressed to a vote, we would be happy to support it. I have nothing more to add.

Clause

A parliamentary bill is divided into sections called clauses.

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During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.

When a bill becomes an Act of Parliament, clauses become known as sections.

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In the end only a handful of amendments will be incorporated into any bill.

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