In Parliament - Matt Rodda

Matt at work in parliament

Here is a log of all Matt’s interventions in the House of Commons. You can click a link to find out more about each

Clause 2 - Loans to the Board of the Pension Protection Fund

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

I thank the Minister for his candour and for offering me a cutting from The Times, which is a fine newspaper. Finally, on the PPF annual report, the issue is that while these documents are very...

Clause 2 - Loans to the Board of the Pension Protection Fund

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

I am very grateful to the Minister and put on the record my thanks to him for offering that meeting. I look forward to seeing him and discussing the matter. On amendment 5, the Minister mentioned...

Clause 2 - Loans to the Board of the Pension Protection Fund

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

I am grateful to the Minister for his response. I feel that he is being somewhat generous in his description of the Government’s assessment of this problem and the level of response. I urge...

Clause 2 - Loans to the Board of the Pension Protection Fund

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Yes. I will move straight on. I appreciate your tolerance. Amendment 6 seeks to perform another important role—ensuring that the PPF and the Fraud Compensation Fund work effectively and...

Clause 2 - Loans to the Board of the Pension Protection Fund

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

I am very grateful, Ms Ghani. I would like to speak to amendments 5 and 6. Amendment 5 obviously covers a very different area. I sponsored it because I think that the central principle of this...

Clause 2 - Loans to the Board of the Pension Protection Fund

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

We have tabled a number of amendments seeking to improve the Bill. Amendment 3 seeks to ensure that we have clarity and certainty before taking the step of asking key pension schemes to fund the...

Clause 2 - Loans to the Board of the Pension Protection Fund

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

I beg to move amendment 3, in clause 2, page 2, line 7, at end insert— “(3) No loan shall be made under this section until the Secretary of State has...

Examination of Witnesses

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Q Well, thank you for trying to explore the issue. I appreciate your expertise in this matter. Finally, I want to turn to Mr Agathangelou—I apologise if I have mispronounced your name. You...

Examination of Witnesses

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Q Is there a need for a broader review of regulatory failure?

Examination of Witnesses

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Exploration, sorry. Should there be a wider exploration of this issue?

Examination of Witnesses

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Q Thank you for explaining that so clearly to the Committee. I wonder whether I might ask Dame Elizabeth a short question as well. In your view, Dame Elizabeth, should there be a wider...

Examination of Witnesses

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Q In summary, are you saying that a very large proportion of the cost of the levy is falling on pension savers who are on low incomes and whose assets form a small part of the overall sector?

Examination of Witnesses

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Q Thank you, Ms Ghani. I thank the witnesses for their evidence today. My first question is to Mr Brown about the effect of the issues we have discussed today on the People’s Pension,...

Examination of Witness

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Q What work did you do to explore the effects of the levy on particular schemes? Certain schemes seem to bear a very high cost.

Examination of Witness

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Q Perhaps I can address this in a different way. This is a broader question about the nature of the levy. Did you and your colleagues look at other models for the design of the levy? Could you...

Examination of Witness

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Q Thank you, Ms Ghani. Thank you, Mr Taylor, for your evidence. First, could you reflect on the lessons that need to be learned, following the imposition of pension freedoms? It seems to me that...

Examination of Witnesses

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Q What further resources do you need to help to tackle scams? In particular, is there a need for a major Government information campaign to alert savers?

Examination of Witnesses

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

Q What further action would you like to see taken following the terrible problems created by the introduction of pensions freedoms without further regulation associated with it?

Examination of Witnesses

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

I will move through them rapidly. To what extent do the witnesses believe that pensions scams are a tangible risk to the future of people’s retirement in the UK?

Examination of Witnesses

Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

Matt Rodda made a speech in a committee scrutinising a proposed law

I thank the witnesses for their time in giving evidence this morning. Q As the shadow pensions Minister, I have a series of questions on pensions, but I preface them by pointing out to those...