Mr Alistair Carmichael

Mr Alistair Carmichael

Liberal Democrat — Orkney and Shetland

Speaking in the House of Commons on 7 July 2025

Debate

Pension Schemes Bill

Contribution

In the last Parliament, a number of us raised concerns about the administration of defined-benefit schemes by, among others, BP, Shell and Hewlett-Packard. It was obvious at that stage—I think this view was held by his right hon. Friend the Minister for Social Security and Disability, who was then the Chair of the Work and Pensions Committee—that one of the root causes of the problem was insufficient independence and oversight by defined-benefit pension trustees. What is there in this Bill that will protect the position of pensioners in their retirement under those schemes?

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