Pensions Bill
5:18 pm
Lord Skelmersdale (Shadow Minister, Work & Pensions; Conservative)
moved Amendment No. 68:
After Clause 18, insert the following new Clause—
"Financial assistance scheme: scheme manager
(1) The Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986) are amended as follows.
(2) In regulation 5(1) for "Secretary of State" substitute "Board of the Pension Protection Fund ("the Board")".
(3) In regulation 5(2)(a) omit the words from "Secretary of State" to the end of that paragraph and insert "the Board".
(4) In regulation 5, sub-paragraph (2)(b) is omitted."