Results 1–20 of 3423 for speaker:Lord Freud

Universal Credit - Question for Short Debate (21 Dec 2016)

Lord Freud: My Lords, I start by congratulating my noble friend Lord Farmer on getting this debate. I do not know what Houdini-like skills he has to secure this timing, but it clearly shows that he knows how to operate the House systems. I also congratulate the noble Lord, Lord Macpherson of Earl’s Court, on his maiden speech. He has a lot of knowledge of this area which he will be able to...

Written Answers — Department for Work and Pensions: Disadvantaged (21 Dec 2016)

Lord Freud: The Prime Minister is clear that tackling poverty and disadvantage, and delivering real social reform, is a priority for this Government. The Department for Work and Pensions is leading work across Government to bring forward a social justice green paper in the New Year. This will identify and address the root causes of poverty, building upon the two statutory indicators set out in the...

Written Answers — Department for Work and Pensions: *No heading* (21 Dec 2016)

Lord Freud: Negotiating the details of the UK’s exit will take some time. The status of pensioners will need careful consideration and state pensions will be considered as part of the negotiations.

Written Answers — Department for Work and Pensions: Occupational Pensions (20 Dec 2016)

Lord Freud: Following a Call for Evidence last year we are exploring alternative methods to help employers in multi-employer schemes manage section 75 employer debts.

Written Answers — Department for Work and Pensions: Occupational Pensions (20 Dec 2016)

Lord Freud: Following a Call for Evidence last year we are exploring alternative methods to help employers in multi-employer schemes manage section 75 employer debts.

Written Answers — Department for Work and Pensions: Older Workers (20 Dec 2016)

Lord Freud: The Government is committed to ensuring that employers are aware of the wealth of skills and experience that older workers bring to the workplace. There is also a clear business need; by the 2030s over 50s will comprise over half of the UK adult working age population and employers increasingly need to employ and retain the skills and experience of older workers longer to remain competitive...

Written Answers — Department for Work and Pensions: Petrochemicals: Industrial Health and Safety (20 Dec 2016)

Lord Freud: The table below shows health and safety incidents reported in the manufacture of refined petroleum products sector over the 5 years 2011/12-2015/16, for Great Britain. Each year is from 1 April to 31 March. Incident 2011/12 2012/13 2013/14 2014/15 2015/16p Fatal injuries to workers 5 - - - - Non-fatal injuries to workers 42 32 24 20 22 Dangerous Occurrences 47* 33...

Pension Schemes Bill [HL] - Report (Continued) (19 Dec 2016)

Lord Freud: My Lords, the effect of Amendment 25 would be to widen the definition of administration charges for the purposes of Part 1 of the Bill, so that it is capable of including transaction costs. It may be helpful if I explain that we considered the inclusion of transaction costs when developing this policy. We concluded that the provision that has been made in the Bill under Clause 33, including...

Pension Schemes Bill [HL] - Report (Continued) (19 Dec 2016)

Lord Freud: I shall take the opportunity to go through the matter of transfers because there has been a lot of discussion of it and this at the heart of it. I will pick up what we did in Committee, where the amendment from my noble friend Lord Flight referred to automatic transfers. I confirm that we will look to revisit automatic transfers once the market has absorbed the recent reforms. The next issue...

Pension Schemes Bill [HL] - Report (Continued) (19 Dec 2016)

Lord Freud: I should make it clear to the noble Baroness that we looked closely at tail-end risk insurance. It works within the legislation and the regulator can accept it. We have not made it a major issue at this stage because, at the moment, no such insurance is available in the market. That may change, of course.

Pension Schemes Bill [HL] - Report (Continued) (19 Dec 2016)

Lord Freud: I am saying that the clause is carefully drafted to allow tail-end insurance as part of the capital adequacy when the regulator looks at what is required. We are not in a position to do any more at this stage because that particular insurance is not available in the market. It may well become available in the market as people see the requirement.

Pension Schemes Bill [HL] - Report (Continued) (19 Dec 2016)

Lord Freud: I am grateful to the noble Baroness for inviting me to intervene again. Under the Bill, if there are costs, they will not fall on the members, so who is she trying to protect? As to my point about the sledge-hammer, if we could have found tail-end insurance, which the noble Baroness mentioned, it would have been cheaper. Other ways that I can think of are quite expensive. It is not...

Pension Schemes Bill [HL] - Report (Continued) (19 Dec 2016)

Lord Freud: The noble Baroness has been so generous and I will take the opportunity to go over this because it is slightly back to front from normal. This is not like a defined benefit scheme worth billions of pounds which are at severe risk. This is about the costs of moving the money that is attached to individual people to another master trust. It is a completely different order of risk. I know that...

Pension Schemes Bill [HL] - Report (Continued) (19 Dec 2016)

Lord Freud: My Lords, I will address Amendment 6, which was tabled by the noble Lord, Lord McKenzie, and the noble Baronesses, Lady Drake and Lady Bakewell. This is a valuable opportunity for us to discuss member protection, which is clearly at the heart of the Bill and the master trust authorisation regime. It is not clear why an amendment has been tabled that would require the Secretary of State to...

Pension Schemes Bill [HL] - Report (19 Dec 2016)

Lord Freud: To make it clear, it incorporates legislation that now exists and the legislation that we will prospectively pass with this Bill. Amendment 2 agreed.

Pension Schemes Bill [HL] - Report (19 Dec 2016)

Lord Freud: My Lords, these amendments put the noble Lord, Lord McKenzie, not just ahead but well ahead—because he and other noble Lords expressed concern in Committee about the Bill’s approach to regulation. With many regulations subject to negative resolution, they felt that they would not be subject to adequate scrutiny. Noble Lords will remember that I responded that I would reflect on...

Pension Schemes Bill [HL] - Report (19 Dec 2016)

Lord Freud: My Lords, I thank your Lordships for your understanding. I thank again the whole House and its committees, which made the point forcefully about making all these substantial regulations subject to the negative procedure. This was an occasion where we went back. There was a good suggestion—I am sure it was from the noble Lord, Lord McKenzie—that we should do it the first time via...

Written Answers — Department for Work and Pensions: Universal Credit (14 Dec 2016)

Lord Freud: The Universal Credit Decision position is significantly improved and by January, it is anticipated the volume of outstanding sanction decisions would take 5 working days to clear. We do not currently have data to indicate performance by time band for Universal Credit Full Service or for 3 days. The information below relates to Universal Credit Live Service only as a result. Of the 25,154...


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