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Richard Holden: ...bring those changes forward in due course, when the Government feel that the time is right. I thank my the Under-Secretary of State for Work and Pensions, my hon. Friend the Member for Hexham (Guy Opperman), who has been so supportive throughout the process; he was supportive when I brought forward a private Member’s Bill, a ten-minute rule Bill in the last Session, and this Bill. I am...
Guy Opperman: The media buying framework RM6003 was the only media buying framework available at that time.
Guy Opperman: The Media Buying framework agreement (RM6003) started 7 November 2018 and ended 21 May 2022 and has now expired. The framework agreement was awarded to OMD Group Ltd (OmniGov) following a competitive tendering process in 2018. Customers used this framework agreement by putting in place a call off. Media Buying spend by the Department for Work and Pensions is included in spend data...
Guy Opperman: ...to invest in and proceed with, whereas there was no choice previously. There was a genuine gap in the market—either a scheme was sufficiently funded and was able to proceed to an insurance buy-out or in whatever way it wished to proceed, or it got into difficulties and went into the pension protection fund. There was no alternative or middle ground, but collective defined contributions...
Andrea Leadsom: First, I congratulate my right hon. Friend the Secretary of State and, in particular, the Under-Secretary of State for Work and Pensions, my hon. Friend the Member for Hexham (Guy Opperman), on their long-standing commitment to improving security for all our people in older age. My hon. Friend the Member for Hexham has shown over a lengthy period his commitment to securing older age for all...
Guy Opperman: ...debated this matter in the House last year. There are nearly 1,000 last man standing multi-employer schemes. Most respondents to the Green Paper on defined-benefit pensions felt that the current buy-out basis was a clear and fair way in which to calculate an employer debt.
Crispin Blunt: ...Committee and its Chair and to the two Ministers who have done most of the legwork on the Bill. The Under-Secretary of State for Work and Pensions, my hon. Friend the Member for Hexham (Guy Opperman), and my hon. Friend the Economic Secretary to the Treasury have been exemplary in their handling of the Bill, as appears to be universally recognised. I would say to the shadow Minister that...
Guy Opperman: ...Fund (PPF) assessment period during which the PPF will be testing to see if a scheme can secure at least PPF level benefits for its members without further support. If it can, a scheme will buy members’ annuities to pay for their pensions. If not, a scheme will transfer into the PPF with a consequential effect on members’ benefits; In general, those over scheme pension age at the date...
Guy Opperman: ...their obligations if they have promised a pension to their employees. Before they do, they must ensure that members’ pensions are paid in full. In a single employer scheme, this would be through buy-out with an insurance company. The similar arrangement in a multi-employer scheme, as we have here, is the payment of an employer debt. This helps to ensure that members receive the pensions...
Lord Northbrook: ...a few successes where, following our report, the Government have taken action. The first, recommendation 1, has seen the appointment of a Minister for Pensions and Financial Inclusion, Guy Opperman, based in the DWP. Recommendation 2 has been also partly implemented, “that the Government should set out a clear strategy for improving financial inclusion in the UK”. I welcome the fact...
Grahame Morris: ...Women Against State Pension Inequality. We in the Opposition want justice for the WASPI women. I am sorry that the Under-Secretary of State for Work and Pensions, the hon. Member for Hexham (Guy Opperman), is no longer in his place, because there will be an opportunity for the Government to do something about the matter on Thursday, after the Backbench Business Committee debate. I am...
Guy Opperman: ...issue annual statements to members which must include the current value of the pension pot, the amount contributed in the previous year and a projected estimate of what pension income the pot may buy at retirement. We have no plans to require employers to issue such statements. Employers who sponsor defined benefit (DB) pension schemes are not required to issue annual pension statements,...
Keith Vaz: If the Secretary of State is looking for some light reading over Christmas, she would do well to acquire a copy of a book by the hon. Member for Hexham (Guy Opperman), “Doing Time: Prisons in the 21st Century”, which contains a number of ideas. If I heard you correctly, Mr Speaker, you mentioned the hon. Gentleman’s intended marriage. Perhaps, if the Secretary of State were able to buy...
George Osborne: ...will develop the case for a new tunnelled road from Manchester to Sheffield. My hon. Friends the Members for Carlisle (John Stevenson), for Penrith and The Border (Rory Stewart) and for Hexham (Guy Opperman) have told us not to neglect the north Pennines. So we will upgrade the A66 and the A69 too. I said we would build the northern powerhouse. We have put in place the Mayors. We are...
Guy Opperman: ...planning authorities to talk to each other as the houses are being built. Superfast broadband should be built into new developments, rather than individual constituents having to apply for it after buying their houses.
Guy Opperman: ...that it is utterly important for the Government to provide better guidance on how our co-operatives and producers can come together to get a better contractual relationship with the people who are buying their milk?
Guy Opperman: Hexham hospital is outstanding but was built under a very expensive Tony Blair PFI. Does the Minister welcome the fact that Northumbria NHS trust is the first in the country to buy out the PFI and put it into public ownership, thereby putting millions more into front-line care?
Guy Opperman: ...(Huw Irranca-Davies) to the fact that we all support the fundamentals of the report. More specifically, and more importantly, does the report not ram home the point that our constituents should be buying from their local butchers whenever possible, because they offer the greatest possibility of traceability in the food chain?
Guy Opperman: ...former hospital sites at Stannington and Prudhoe, both of which lay idle for the entirety of the previous Government’s time in office. At Prudhoe, 80% of new purchases are made under the Help to Buy scheme and with help from this Government. Does the hon. Lady accept that that regional success is an example of the Government turning things around at local level?
Guy Opperman: Both in Northumberland and in Scotland people are setting up oil-buying clubs to deal with the problem of off-grid energy. Does the Minister agree that the best way to combat energy problems and price rises in off-grid circumstances is to copy this good measure and spread it out across the country?