Extract from third reading (Lords) of the Pension Schemes (Conversion of Guaranteed Minimum Pensions) Bill - Apr 27

Baroness Sherlock (Lab):...I am sorry to have missed the earlier stages because of Covid, but I am very grateful to my noble friend Lady Merron, who did such a marvellous job in my place. There are a couple of outstanding issues, such as the position of pension schemes already in the Pension Protection Fund  raised by my noble friend Lady Drake, and the concerns raised by the Delegated Powers Committee, to which Ministers were only able to respond yesterday. However, we do not wish to hold up the Bill, so we will take these offline and hope to deal with them with the Minister before regulation. The key thing is that we are finally about to pass a Bill which the Government are confident will give the necessary legal certainty to schemes seeking to equalise guaranteed minimum pensions. This is good news, and we are pleased to support it...

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