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Steve Darling

Steve Darling

Liberal Democrat — Torbay

Speaking in the House of Commons on 28 April 2026

Debate

Pension Schemes Bill

Contribution

The Liberal Democrats have opposed mandation from day one, and we have continued to oppose it throughout the passage of this Bill. The challenge is that once we cross the Rubicon, we change the dynamics of pensions significantly. Crucially, people need to have confidence that contributing to pensions is a good way of saving for their retirement. If we undermine that through Government interference, it will reduce people’s confidence in saving for their pensions. That would be a complete reversal of what this Bill is all about, because it is mostly about making sure that our pension system is fit for the future and fit to serve those who are looking to have a good retirement. That is to be celebrated, and the vast majority of this Bill is to be welcomed. However, although the Liberal Democrats welcome the significant concessions—those steps in the right direction—the Rubicon has still been crossed. We continue to have grave concerns.
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