Thank you, Deputy Presiding Officer. I’m pleased to take part in this very important debate today and I move amendment 1 tabled in my name.

Of course, securing and protecting pensions is of the utmost importance to ensure that people are rewarded and not disadvantaged following the end of their careers. Therefore, it’s important that former mineworkers’ pensions are protected and that any arrangements with the UK Government are appropriate, transparent and fair. Now, the National Union of Mineworkers inform us that about 25,000 miners are thought to be in receipt of this pension in Wales, and so it’s right that we are discussing this very important matter this afternoon. I’m sure Members in this Chamber will all agree that the viability of this pension scheme is essential in order to ensure that those former mineworkers receive the financial security they deserve and are entitled to. It’s crucial that a pension scheme of this nature is guaranteed by the UK Government and I understand that, over the years, the guarantee has given the trustees the freedom to invest in a more varied way, and, as a result, the scheme has seen substantial surpluses and the UK Government has not yet had to inject funds into the scheme to ensure that former mineworkers receive their pension. And of course, I would assume that the fact that the UK Government has not had to inject funds into the scheme demonstrates that the pension scheme is successful and has been successful over the years. It clearly functions above its intended monetary remit and it seems to me that the trustees are making good decisions when it comes to investments within the scheme.

However, I very much agree with point 3 of this motion, which strongly argues for the continuation of the UK Government to act as a guarantor of the scheme. It’s quite clear that the existence of the guarantee enables the trustees to pursue a more varied investment strategy, and a significant proportion of the scheme’s assets remain invested in equities. For that reason, I hope that Members would support our amendment to this debate, which seeks to strengthen today’s motion.

I very much understand the widespread calls for a review of the current arrangement with the UK Government, and that is something that we on this side of the Chamber support in order to ensure that former mineworkers receive an appropriate proportion from the pension scheme and that it adequately serves the needs of former mineworkers, and that it’s fair. Therefore, we support point 3 of the motion, which calls on the Welsh Government to work with other devolved administrations and local and regional leaders in England to secure a UK Government review of the mineworkers’ pension scheme surplus arrangements. I understand from news reports that the Welsh Government has already made representations to the UK Government on this matter, and I’m sure that the leader of the house will update us on the Welsh Government’s progress and, indeed, position in responding to this debate.

With regard to point 1 of this motion, I understand that there are different interpretations over the amount of money received by the UK Government under the current arrangements, but whatever the figures are, it’s quite clear that the UK Government has received substantial amounts of money, and that’s why we believe it is appropriate that a review takes place. It’s important that this review offers the opportunity for this matter to be publicly scrutinised, given the large sums of money involved, but the principle of the UK Government continuing to act as a guarantor is an important one, and that role must continue. Therefore, the purpose of our amendment is to simply strengthen the motion and to recognise the importance of the guarantee and the UK Government’s essential role in this scheme.

So, Dirprwy Lywydd, in closing, the Welsh Conservatives support the calls for a review of the surplus arrangements of the pension scheme, and we are happy to support any representations made to the UK Government on this matter. I urge Members to support our amendment and work together to deliver the best possible outcome for former mineworkers from their pension scheme.