My Lords, if I may respond to that, I had thought until recently that what we were debating was a response to the Skeoch commission established by the last Government, but we have new amendments now, it seems—Amendment 160A and the abandonment of clauses—that are really throwing ring-fencing out. I …
I also thank my noble friend the Minister for carrying out this review. In doing so, I wonder if it will be possible to address the problem of inconsistencies in regulation. For example, the definition of “terminal illness” is different in pensions regulation and for the DWP. Can we come up with jus…
My Lords, I enjoyed the speech from the noble Lord, Lord St John, and I regret that I arrived in this place too late to hear more of his Lordship’s wisdom. I wish him every success with his new ventures.
The OBR is set up to fail. The Treasury asks it to perform an impossible task. As someone who h…
My Lords, I shall first declare my interests. I am on the board of a crypto data business and have investments in companies regulated by the FCA and the PRA. More usefully for this debate, I ran a regulated asset management firm for 15 years, a job that I enjoyed greatly at the beginning, when I was…
My Lords, in contributing here, I should say my background is in responsible investment, with Hermes Fund Managers. It still on occasion offers me an office, from time to time. Since this is about responsible investment, as you can imagine, I could not more strongly support the principles of what we…
My Lords, I rise nervously since it has been only one week since I made my maiden speech. I should declare an interest, as I have worked in the field of responsible investment for the past 25 years; I am not paid for any action there but, on occasion, my old employer allows me to use an office in th…
The House has seen four brilliant maiden speeches today, and I am sure that in the coming years we will benefit from everyone who has joined us. It is my honour and pleasure to follow my friend, David Pitt-Watson, who has now joined the House as Baron Pitt-Watson. His territorial designation is
“of…