V

Viscount Thurso (LD)

Speaking in the House of Lords on 16 March 2026

Debate

Pension Schemes Bill

Contribution

My Lords, I rise briefly to offer support from these Benches, particularly for Amendments 24 and 25 and more broadly across all the amendments that the noble Baroness indicated. In particular, I was taken by Amendment 24 and the idea that value for money regulations should include, among other things, the “accuracy of recorded contributions … reliability of valuation data” and the “efficiency of administration”. As any poor civil servant who is currently trying to get hold of a pension administered by Capita is finding out, these things are not a given. Making sure that the small number of quite large firms in the marketplace actually deliver with the necessary competence is a really important part of whether pensioners get value for money. As I say, I broadly welcome and support the amendment.

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