On 19th March 2026, the House of Lords debated the Pension Schemes Bill. Votes were held on amendments to the bill, in which Bishops took part:
Votes: Pension Schemes Bill
Tag: pensions
Pension Schemes Bill: Bishop of Hereford supports amendments on trust management
On 19th March 2026, the Bishop of Hereford spoke in support of an amendment to the Pension Schemes Bill tabled by Baroness Noakes on allowing Master Trusts which deliver good investment performance to be excluded from the scale requirements of the bill, raising the example of faith-based funds:
The Lord Bishop of Hereford: My Lords, I speak in favour of Amendment 55, in the name of the noble Baroness, Lady Noakes. There is a questionable theory of change in the Bill—that bigger pension schemes are necessarily better, suggesting the minimum scale of £25 billion. While scale certainly creates advantages, Australian experience suggests that funds can be run at less than this size and still provide value and good outcomes for members. However, concentrating the market into a few megafunds introduces a new system of risk, of schemes that become too big to fail and so are effectively the state’s problem.
Continue reading “Pension Schemes Bill: Bishop of Hereford supports amendments on trust management”Votes: Pension Schemes Bill
On 16th March 2026, the House of Lords debated the Pension Schemes Bill. Votes were held on amendments to the bill, in which a Bishop took part:
Votes: Social Fund Winter Fuel Payments Regulations
On 11th September 2024, the House of Lords debated changes to the Winter Fuel Payment Regulations which would change the payment from a universal to a means-tested benefit. Votes were held on three regret motions associated with the change, in which Bishops took part:
Bishop of Sheffield supports motion to regret on changes to winter fuel payments
The Bishop of Sheffield spoke in a debate on changes to Winter Fuel Payments on 11th September 2024, supporting a regret motion and asking the government to reconsider the eligibility bar for payments:
The Lord Bishop of Sheffield: My Lords, I speak in broad support of the regret Motion in the name of the noble Lord, Lord Palmer. I appreciate the very tight fiscal constraints under which the Government are having to operate, and the need for tough choices to be made. I also accept the recent Statement by the Prime Minister that tough choices are almost by definition unpopular choices. Tough choices must also be wise choices, however, and I confess that I harbour misgivings about the wisdom of this proposal for two reasons.
Continue reading “Bishop of Sheffield supports motion to regret on changes to winter fuel payments”Bishop of Southwark raises concerns over impact of changes to winter fuel payment regulations
The Bishop of Southwark spoke in a debate on changes to Winter Fuel Payments to pensioners on 11th September 2024, expressing concerns over the implications of moving to a means-tested threshold for the payments:
The Lord Bishop of Southwark: My Lords, I, too, congratulate the Minister on her appointment and I declare an interest as a beneficiary myself hitherto of the winter fuel payment—but only in very recent years. Indeed, I wonder whether your Lordships’ House should not pass a resolution declaring a corporate interest. Members of this House are unlikely to be seriously affected by the measure. That is not the point. For many pensioners in my diocese and for considerably larger numbers, possibly extending to millions, across the country, this will be a significant financial hit, with adverse repercussions this coming winter.
As has been alluded to, the origin of the Chancellor’s decision to cut winter fuel payments lies in her view of the state of public finances. It is not a manifesto commitment. The Minister, for whom I have enormous respect, has appealed to the House to neither annul the regulations nor express regret, but I suspect that there are those on the Government Benches who are internalising their regret at this very moment. I fear, and I think this feeling is shared across the House, that the Government’s decision on this matter will define them in the public mind for years to come. It is a signal gesture on their part and one that I believe should be resisted, notwithstanding the Minister’s careful appeal.
Continue reading “Bishop of Southwark raises concerns over impact of changes to winter fuel payment regulations”Votes: Financial Services & Markets Bill
On 13th June 2023, the House of Lords debated the Financial Services & Markets Bill in its third day of the report stage. Votes were held on two amendments to the bill, in which the Archbishop of Canterbury took part.
Bishop of Southwark asks about state pensions for British Nationals abroad
The Bishop of Southwark received the following written answers on 30th March 2023:
The Lord Bishop of Southwark asked His Majesty’s Government:
- what stage they have reached in negotiations with (1) the government of Canada, (2) the government of Australia, and (3) the government of New Zealand, on the annual uprating and payment of the UK state pension to beneficiaries resident in those countries.
- what representations they have received from, or on behalf of the governments of (1) Canada, (2) Australia, and (3) New Zealand, in the past 12 months on the subject of UK state pensions paid to individuals resident in their territories, and their annual uprating in line with those paid in the United Kingdom; and what representations have they received from non-governmental groups on the same subject.
Viscount Younger of Leckie: The government does not have a policy to increase the number of countries with which the UK has reciprocal agreements on state pensions. The government has no plans to change its social security relationship with these countries on state pensions.
Continue reading “Bishop of Southwark asks about state pensions for British Nationals abroad”Bishop of St Albans asks about pension funds
The Bishop of St Albans received the following written answer on 14th November 2022:
The Lord Bishop of St Albans asked His Majesty’s Government:
- what discussions they have had with the Pensions Regulator regarding the use of Liability Driven Investment by pension funds.
- what assessment they have made of the risk to individuals from the practice of Liability Driven Investment by pension funds.
Bishop of St Albans speaks about the challenges facing pensioners and low-income workers
The Bishop of St Albans spoke in a debate on financial stability on 3rd November 2022, focusing on the effects of the current financial situation and cost of living crisis on low-income workers and on pensioners:
The Lord Bishop of St Albans: My Lords, we are living in challenging times, with inflation rates at a 40-year high. Turbulence in the financial markets, with higher interest rates and larger mortgage payments, is adversely affecting people in all walks of society. With the wholesale price of energy and gas increasing due to Putin’s appalling and illegal invasion of Ukraine, it is vital that His Majesty’s Government do all they can to protect renters, those with mortgages and, of course, pensioners.
To put a human face to this debate, I thought it might be worth while just quoting one of a number of emails I have received from communities in my diocese this very week. One person emailed me on Friday: “In my role as chair of a food bank, we are having to make decisions around both frightening increases in demand and a growing decline in donations. This summer, we increased our warehouse capacity to handle food for somewhere around 500 food parcels a day. The problem is in-work poverty which is growing substantially. In the past few weeks, we have been approached by a hospital, a large business, schools and a local council about whether they can refer low-paid staff to us.” He went on: “Apparently, employers are not prepared to talk about the problem of in-work poverty, feeling ashamed. They would like to raise wages and want the best staff welfare but can’t because that would move them into a deficit budget.” The human reality of what we are facing is stark. Unfortunately, the mini-Budget of 23 September made a challenging financial climate much worse.
Continue reading “Bishop of St Albans speaks about the challenges facing pensioners and low-income workers”
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