Pensions (Special Rules for End of Life) Bill - Clause 2 - Extent and Commencement

Supports the amendments and explains their implications, stating they are consequential on Amendment 1.

Agrees with the amendments proposed by Dr Coffey to ensure that the Bill can be implemented quickly without any unnecessary delay. Expresses satisfaction with the agreement reached.

Expresses concern about the potential precedent set by the amendments, suggesting a 'bulldozer approach' that might not be suitable in more complex circumstances. Seeks reassurance from the Minister regarding future implications.

Supports Dr Coffey's amendments, highlighting their importance for those in terminal illness. Explains that similar commencement dates are not unusual and reassures the House about the practicality of implementation within four months.

Mr. Laurence Robertson supports extending the definition of 'terminally ill' to twelve months for pension compensation, aiming to alleviate financial stress for those diagnosed with terminal illnesses whose pension schemes have become insolvent.

Ms. Therese Coffey supports the Bill, highlighting its alignment with NHS and social security reforms that extend the definition of 'terminally ill' to twelve months. She advocates for the rapid passage of this legislation.

Ms. Nickie Aiken supports extending the definition of terminal illness in pension schemes to twelve months, aligning with existing NHS and social security definitions, ensuring terminally ill individuals receive necessary financial support.

Supports the Bill as it aims to provide financial support for terminally ill individuals whose pension schemes have become insolvent, expanding eligibility from those with less than six months to live to those with less than 12 months. Emphasises the devastating impact of terminal illness and highlights that one in four people diagnosed with a terminal illness spends their last years in poverty, with additional costs ranging between £12,000 to £16,000 per year for a household. Questions why more work was not done to check consistency when the Act was put on the statute book.

The Bill builds on previous legislation that fast-tracked claims for individuals with less than a year to live. It ensures consistency in definitions across social security benefits, Pension Protection Fund, and financial assistance scheme, providing financial support earlier during difficult times.

The Bill was praised for its cross-party support. The Minister acknowledged the importance of setting a date for commencement to provide certainty, and thanked all involved in advancing this legislation.