B

Baroness Noakes (Con)

Speaking in the House of Lords on 19 January 2026

Debate

Pension Schemes Bill

Contribution

My Lords, I do not support Amendment 45A, tabled by the noble Lord, Lord Sikka. I am not sure that the kind of regulations envisaged in this amendment could actually create a creditor which has a priority in insolvency where a creditor does not exist at present. At present, a deficit in a pension scheme is generally not as a matter of law a creditor if the sponsoring employer goes bust.

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