M

Member

Speaking in the House of Lords on 22 January 2026

Debate

Pension Schemes Bill

Contribution

Finally, Amendment 69 is a probing amendment intended to understand the rationale for the specific penalty caps set out in the Bill: namely, £10,000 for an individual and £100,000 in any other case. These are not insignificant sums, yet the Bill is otherwise silent on how these figures have been arrived at or how they sit within the wider enforcement framework that this chapter creates. I hope that the Minister can tell the Committee how these figures have been arrived at.

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