Torsten Bell

Torsten Bell

Labour — Swansea West

Speaking in the House of Commons on 3 December 2025

Debate

Pension Schemes Bill

Contribution

I thank my hon. Friend for her intervention. I covered that extensively in my opening remarks. I want to mention two points raised in the debate. The hon. Member for North West Norfolk (James Wild) asked about the timeline for the Pensions Commission. I can assure him that nothing is going slowly, so the final report will be delivered in early 2027, which is significantly quicker than the last one in the 2000s. I will update the House as soon as I have more to say on that front. The hon. Member for Caerfyrddin (Ann Davies) asked how many people will benefit from the change to the PPF indexation and how many will not benefit. The answer is that 250,000 members will benefit and 90,000 will not benefit, because their schemes did not provide for indexation in the scheme rules in the first place. I hope that answers the question she raised.[Official Report, 12 January 2026; Vol. 778, c. 6WC.](Correction)

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