Pensions Bill
Public Bill Committees
- Pensions Bill, 1st sitting (1 speech)
[Mr. Win Griffiths in the Chair]- TABLE
(5 speeches)Sitting Proceedings Time for conclusion of proceedings 9th March (9.30 a.m.) Clauses 1 to 3, Schedule 1, Clauses 4 to 11, Schedule 2, Clauses 12 to 60, Schedule 3, Clauses 61 to 76, Schedule 4 and Clauses 77 to 80. — 9th March (2.30 p.m.) Clauses 1 to 3, Schedule 1, Clauses 4 to 11, Schedule 2, Clauses 12 to 60, Schedule 3, Clauses 61 to 76, Schedule 4 and Clauses 77 to 80 (so far as not previously concluded). — 11th March (9.30 a.m.) Clauses 1 to 3, Schedule 1, Clauses 4 to 11, Schedule 2, Clauses 12 to 60, Schedule 3, Clauses 61 to 76, Schedule 4 and Clauses 77 to 80 (so far as not previously concluded). — 11th March (2.00 p.m.) Clauses 1 to 3, Schedule 1, Clauses 4 to 11, Schedule 2, Clauses 12 to 60, Schedule 3, Clauses 61 to 76, Schedule 4 and Clauses 77 to 80 (so far as not previously concluded). — 16th March (9.30 a.m.) Clauses 1 to 3, Schedule 1, Clauses 4 to 11, Schedule 2, Clauses 12 to 60, Schedule 3, Clauses 61 to 76, Schedule 4 and Clauses 77 to 80 (so far as not previously concluded). — 16th March (2.30 p.m.) Clauses 1 to 3, Schedule 1, Clauses 4 to 11, Schedule 2, Clauses 12 to 60, Schedule 3, Clauses 61 to 76, Schedule 4 and Clauses 77 to 80 (so far as not previously concluded). 8.00 p.m. 18th March (9.30 a.m.) Clauses 220 and 221, Schedule 10, Clauses 222 and 223, Clauses 191 to 193, Schedule 9 and Clauses 194 and 195. — 18th March (2.00 p.m.) Clauses 220 and 221, Schedule 10, Clauses 222 and 223, Clauses 191 to 193, Schedule 9 and Clauses 194 and 195 (so far as not previously concluded). 5.00 p.m. 23rd March (9.30 a.m.) Clauses 81 to 83, Schedule 5, Clauses 84 to 123, Schedule 6, Clause 124, Schedule 7, Clauses 125 to 162, Schedule 8 and Clauses 163 to 177. — 23rd March (2.30 p.m.) Clauses 81 to 83, Schedule 5, Clauses 84 to 123, Schedule 6, Clause 124, Schedule 7, Clauses 125 to 162, Schedule 8 and Clauses 163 to 177 (so far as not previously concluded). — 25th March (9.30 a.m.) Clauses 81 to 83, Schedule 5, Clauses 84 to 123, Schedule 6, Clause 124, Schedule 7, Clauses 125 to 162, Schedule 8 and Clauses 163 to 177 (so far as not previously concluded). — 25th March (2.00 p.m.) Clauses 81 to 83, Schedule 5, Clauses 84 to 123, Schedule 6, Clause 124, Schedule 7, Clauses 125 to 162, Schedule 8 and Clauses 163 to 177 (so far as not previously concluded). — 30th March (9.30 a.m.) Clauses 81 to 83, Schedule 5, Clauses 84 to 123, Schedule 6, Clause 124, Schedule 7, Clauses 125 to 162, Schedule 8 and Clauses 163 to 177 (so far as not previously concluded). — 30th March (2.30 p.m.) Clauses 81 to 83, Schedule 5, Clauses 84 to 123, Schedule 6, Clause 124, Schedule 7, Clauses 125 to 162, Schedule 8 and Clauses 163 to 177 (so far as not previously concluded). — 1st April (9.30 a.m.) Clauses 81 to 83, Schedule 5, Clauses 84 to 123, Schedule 6, Clause 124, Schedule 7, Clauses 125 to 162, Schedule 8 and Clauses 163 to 177 (so far as not previously concluded). 11.25 a.m. 1st April (2.00 p.m.) Clauses 178 to 190. 5.00 p.m. 20th April (9.30 a.m.) Clauses 196 to 219. — 20th April (2.30 p.m.) Clauses 196 to 219 (so far as not previously concluded). 8.00 p.m. 22nd April (9.30 a.m.) Clauses 224 to 242, Schedule 11, Clause 243, Schedule 12, Clauses 244 to 248. 11.25 a.m. 22nd April (2.00 p.m.) New Clauses, New Schedules and remaining proceedings on the Bill. 5.00 p.m.
I welcome you to the Chair, Mr. Griffiths. We know from your reputation that you expedite proceedings in a brisk and businesslike way. Not having discussed a Bill in Committee since the Learning... - Clause 1 - The Pensions Regulator (11 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 2 - Membership of the Regulator (21 speeches)
I beg to move amendment No. 104, in clause 2, page 1, line 11, leave out from 'the' to end of line 12 and insert 'chairman and approved by the Secretary of State.'. - Clause 3 - Further provision about the Regulator (3 speeches)
Question proposed, That the clause stand part of the Bill. - Schedule 1 - The Pensions Regulator (22 speeches)
I beg to move amendment No. 72, in schedule 1, page 166, line 22, leave out sub-paragraph (4).
- TABLE
- Pensions Bill, 2nd sitting (3 speeches)
[Mr. Win Griffiths in the Chair]- Schedule 1 - The Pensions Regulator (5 speeches)
I beg to move amendment No. 122, in schedule 1, page 173, line 27, leave out subparagraph (1). The amendment makes such obvious good sense that I hardly need to speak in its favour. However, as... - Clause 4 - Regulator's functions (3 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 5 - Regulator's objectives (19 speeches)
I beg to move amendment No. 153, in clause 5, page 3, line 8, at end insert— '(e) to promote occupational pension provision by minimising regulatory burdens applying to well run schemes... - Clause 6 - Supplementary powers (9 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 7 - Transfer of OPRA's functions to the Regulator (0 speeches)
Amendment made: No. 10, in clause 7, page 4, line 1, leave out '8' and insert '8(1)'.—[Malcolm Wicks.] Clause 7, as amended, ordered to stand part of the Bill. - Clause 8 - The Non-Executive Committee (3 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 9 - Functions exercisable by the (8 speeches)
I beg to move amendment No. 124, in clause 9, page 5, line 2, at end insert— '(g) the duty to monitor the costs of enforcement of this Act upon occupational pension schemes and their... - Clause 10 - The Determinations Panel (4 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 11 - Functions exercisable by the (6 speeches)
I beg to move amendment No. 126, in clause 11, page 6, line 15, leave out subsection (5). - Schedule 2 - The reserved regulatory functions (13 speeches)
Amendments made: No. 75, in schedule 2, page 174, line 16, after 'power' insert 'by direction'. No. 76, in schedule 2, page 174, line 18, after 'power' insert 'by direction'.—[Malcolm Wicks.] - Clause 12 - Annual reports to Secretary of State (5 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 13 - Provision of information, (4 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 14 - Improvement notices (9 speeches)
I beg to move amendment No. 12, in clause 14, page 8, line 23, leave out 'in respect of ' and insert 'to'. - Clause 15 - Third party notices (0 speeches)
Amendment made: No. 16, in clause 15, page 9, line 36, leave out 'do any thing' and insert 'take action'.—[Malcolm Wicks.] Clause 15, as amended, ordered to stand part of the Bill. - Clause 16 - Injunctions and interdicts (9 speeches)
I beg to move amendment No. 134, in clause 16, page 10, line 3, leave out 'a reasonable likelihood' and insert 'strong prima facie evidence'. - Clause 18 - Power of the Regulator (3 speeches)
Amendment made: No. 17, in clause 18, page 10, line 43, leave out 'contributions within subsection (2) above' and insert 'employer contributions payable towards a personal pension... - Clause 19 - Powers to wind up occupational pension schemes (7 speeches)
I beg to move amendment No. 18, in clause 19, page 11, line 38, leave out 'and 107' and insert ', 107 and 177'. We are making rapid progress. This clause deals with the regulator's powers to...
- Schedule 1 - The Pensions Regulator (5 speeches)
- Pensions Bill, 3rd sitting (0 speeches)
[Mr. Win Griffiths in the Chair]- Clause 20 - Freezing order (24 speeches)
I beg to move amendment No. 137, in clause 20, page 12, line 14, leave out 'interests' and insert 'rights'. - Clause 21 - Consequences of freezing order (4 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 22 - Period of effect etc of freezing order (0 speeches)
Amendment made: No. 24, in clause 22, page 15, line 7, after 'sections' insert '[Effect of determination to wind up scheme on freezing order],' —[Mr. Pond.] Clause 22, as amended,... - Clause 23 - Validation of action in contravention of freezing order (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 24 - Effect of winding up of (0 speeches)
Amendments made: No. 25, in clause 24, page 15, line 33, at end insert— '( ) If the trustees or managers of a scheme fail to comply with a direction to them contained in an order under... - Clause 26 - Power to give a direction where freezing (2 speeches)
Amendment made: No. 27, in clause 26, page 16, line 15, leave out paragraph (a).—[Mr. Pond.] Question proposed, That the clause, as amended, stand part of the Bill. - Clause 27 - Notification of trustees, managers, (12 speeches)
Amendment made: No. 28, in clause 27, page 17, line 33, leave out from 'If' to 'who' in line 35 and insert 'the trustees or managers of a scheme fail to comply with a direction to them... - Clause 28 - Supplementary provision relating to (4 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 29 - Prohibition orders (17 speeches)
I beg to move amendment No. 151, in clause 29, page 18, line 17, at end insert 'forthwith.'. - Clause 30 - Suspension orders (3 speeches)
I beg to move amendment No. 29, in clause 30, page 18, line 40, leave out paragraph (a) and insert— '(a) after subsection (1)(a) insert— ''(aa) pending consideration being given... - Clause 31 - Appointments by Regulator (14 speeches)
I beg to move amendment No. 185, in clause 31, page 19, line 40, leave out— '(a) by the employer'. - Clause 33 - Regulator's right to apply under (2 speeches)
Amendment made: No. 31, in clause 33, page 20, line 13, leave out 'for the purposes of Part 1 of the Pensions Act 1995'.—[Mr. Pond.]
- Clause 20 - Freezing order (24 speeches)
- Pensions Bill, 4th sitting (0 speeches)
[Mr. Win Griffiths in the Chair]- Clause 33 - Regulator's right to apply under section 423 of Insolvency Act 1986 (2 speeches)
Amendment proposed [this day]: No. 188, in clause 33, page 20, line 31, leave out subsection (7).—[Mr. Osborne.] Question again proposed, That the amendment be made. - Clause 34 - Register of occupational and personal (18 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 35 - Registrable information (5 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 36 - The register: inspection, provision of information and reports etc (3 speeches)
I beg to move amendment No. 189, in clause 36, page 22, line 34, at end insert 'save that the register will be open to members of the public during normal working hours, but with the home... - Clause 37 - The register: duties of trustees or managers (7 speeches)
I beg to move amendment No. 190, in clause 37, page 23, line 23, leave out 'as soon as reasonably practicable' and insert 'within 28 days'. - Clause 38 - Duty of the Regulator to issue scheme return notices (5 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 39 - Duty of trustees or managers to provide scheme return (1 speech)
Question proposed, That the clause stand part of the Bill. - Clause 40 - Scheme returns: supplementary (3 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 41 - Register of prohibited trustees (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 42 - Accessibility of register of prohibited trustees (4 speeches)
I beg to move amendment No. 32, in clause 42, page 25, line 24, leave out 'a' and insert 'an occupational trust'. This is a drafting amendment, which merely clarifies that the provisions... - Clause 43 - Information relevant to the Board (4 speeches)
I beg to move amendment No. 193, in clause 43, page 27, line 6, at end insert 'but only to the extent that the collection of such information appears to the Regulator proportionate to the... - Clause 44 - Duty to notify the Regulator of certain events (5 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 45 - Duty to report breaches of the law (9 speeches)
I beg to move amendment No. 194, in clause 45, page 28, line 9, leave out paragraph (e). - Clause 47 - Inspection of premises (5 speeches)
I beg to move amendment No. 204, in clause 47, page 30, line 21, at end insert— '(8) Where such an inspection is carried out under this Act, and no further action is taken by the... - Clause 48 - Inspection of premises in respect of employers' obligations (1 speech)
I beg to move amendment No 33, in clause 48, page 30, line 46, after 'if' insert 'the inspector has reasonable grounds to believe that'. There should not be an absolute power of entry. There... - Clause 49 - Inspection of premises: powers of inspectors (12 speeches)
I beg to move amendment No. 206, in clause 49, page 31, line 34, at end insert 'and'. - Clause 51 - Penalties relating to sections 46 to 49 (3 speeches)
I beg to move amendment No. 209, in clause 51, page 33, line 3, at end insert ', save that it shall be a defence under this section if a person who neglects or refuses to produce any document,... - Clause 52 - Warrants (3 speeches)
I beg to move amendment No. 210, in clause 52, page 34, line 44, at end insert 'unless there is a prior successful application to a justice of the peace to have the warrant revoked.'. This is... - Clause 54 - Offences of providing false or misleading information (1 speech)
Question proposed, That the clause stand part of the Bill. - Clause 55 - Use of information (5 speeches)
I beg to move amendment No. 211, in clause 55, page 36, line 8, leave out from 'register' to end of line 9. The more I look at it, the more I suspect that this is a wrecking amendment, because... - Clause 56 - Restricted information (1 speech)
Amendment made: No. 34, in clause 56, page 36, line 14, after 'sections' insert '[Reports by skilled persons](9)'.—[Malcolm Wicks.] Question proposed, That the clause, as amended, stand...
- Clause 33 - Regulator's right to apply under section 423 of Insolvency Act 1986 (2 speeches)
- Pensions Bill, 5th sitting (3 speeches)
[Mr. Win Griffiths in the Chair]- Clause 57 - Information supplied to the Regulator by corresponding overseas authorities (3 speeches)
I beg to move amendment No. 35, in clause 57, page 37, leave out lines 6 and 7 and insert— '(c) by or on behalf of— (i) the Regulator, or (ii) any public authority (within the... - Clause 59 - Disclosure for facilitating exercise of functions by the Board (3 speeches)
Question proposed, That the clause stand part of the Bill. - Schedule 3 - Restricted information held by the Regulator: certain permitted disclosures to facilitate exercise of functions. (2 speeches)
Question proposed, That this schedule be the third schedule to the Bill. - Clause 61 - Other permitted disclosures (0 speeches)
Amendments made: No. 37, in clause 61, page 38, leave out lines 11 and 12 and insert— '(a) by or on behalf of— (i) the Regulator, or (ii) any public authority (within the... - Clause 62 - Disclosure of information by the Inland Revenue (4 speeches)
Amendment made: No. 40, in clause 62, page 39, line 37, after '(2)' insert 'above or section 19 of the Antiterrorism, Crime and Security Act 2001 (c.24) (disclosure of information held by... - Clause 63 - Publishing reports (7 speeches)
I beg to move amendment No. 245, in clause 63, page 40, line 11, leave out 'absolutely privileged' and insert 'subject to qualified privilege'. We now get to the meat of today's debate. As we... - Clause 64 - Codes of practice (8 speeches)
I beg to move amendment No. 41, in clause 64, page 40, line 22, after 'legislation' insert '(other than any enactment contained in or made by virtue of Part 2)'. - Clause 65 - Procedure for issue and publication of (12 speeches)
I beg to move amendment No. 248, in clause 65, page 41, line 34, after 'appropriate' insert 'including representatives of the pensions industry, of occupational pension schemes, trade unions... - Clause 66 - Revocation of codes of practice (4 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 67 - The Regulator's procedure in relation to its regulatory functions (0 speeches)
Amendment made: No. 46, in clause 67, page 43, line 4, after 'power' insert 'by direction'.—[Malcolm Wicks.] Clause 67, as amended, ordered to stand part of the Bill. Clauses 68 and 69... - Clause 70 - Standard Procedure (3 speeches)
I beg to move amendment No. 198, in clause 70, page 44, line 39, leave out 'was' and insert 'is'. - Clause 71 - Special procedure: applicable cases (10 speeches)
I beg to move amendment No. 199, in clause 71, page 45, line 32, leave out 'and'. - Clause 73 - Special procedure (8 speeches)
I beg to move amendment No. 253, in clause 73, page 47, line 27, leave out 'as soon as reasonably practicable' and insert 'within seven days'. In useful exchanges on previous clauses, we... - Clause 74 - Duty to have regard to the interests (3 speeches)
I beg to move amendment No. 239, in clause 74, page 48, line 35, at end insert 'including sponsoring employers of any such schemes.'. The amendment would tighten up the wording of clause 74(2)... - Clause 75 - Powers to vary or revoke orders, notices or directions etc (3 speeches)
I beg to move amendment No. 62, in clause 75, page 48, line 44, leave out 'or'. - Clause 76 - The Pensions Regulator Tribunal (7 speeches)
I beg to move amendment No. 240, in clause 76, page 49, line 19, leave out subsection (3). - Schedule 4 - The pensions regulator tribunal (3 speeches)
I beg to move amendment No. 85, in schedule 4, page 181, line 37, leave out from 'reference' to end of line 38 and insert 'to the Tribunal under this Act or any provisions in force in Northern... - Clause 77 - References to the Tribunal (0 speeches)
Amendments made: No. 64, in clause 77, page 49, line 28, leave out 'a referral' and insert 'a reference'. No. 65, in clause 77, page 49, line 32, leave out 'a referral' and insert 'a... - Clause 78 - Appeal on a point of law (5 speeches)
I beg to move amendment No. 243, in clause 78, page 50, line 24, leave out 'with permission.'. - Clause 79 - Redetermination etc by the Tribunal (0 speeches)
Amendment made: No. 67, in clause 79, page 51, line 8, leave out 'to appeal under section 78(2)(a)' and insert 'under section 78(2)(a) to appeal'.—[Malcolm Wicks.] Clause 79, as...
- Clause 57 - Information supplied to the Regulator by corresponding overseas authorities (3 speeches)
- Pensions Bill, 6th sitting (0 speeches)
[Mr. James Cran in the Chair]- Clause 220 - Persons entitled to more than (5 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 221 - Deferral of retirement pensions and (35 speeches)
I beg to move amendment No. 8, in clause 221, page 147, line 26, at end add— '(5) At the end of section 15 (3) of the State Pension Credit Act 2002, insert ''but capital shall be deemed... - Schedule 10 - Deferral of retirement pensions and (18 speeches)
I beg to move amendment No. 228, in schedule 10, page 219, line 3, leave out '(b)' and insert '(a)'. The amendment relates to one specific point in relation to the detail of the proposed option... - Schedule 10 - Deferral of retirement pensions and (11 speeches)
Amendment proposed [this day]: No. 226, in schedule 10, page 220, line 33, at end insert 'which shall be not less than two percentage points greater than the base rate of the Bank of... - Clause 223 - Claims for certain benefits following (9 speeches)
I beg to move amendment No. 230, in clause 223, page 148, line 33, at end insert— '( ) This section also applies to claims for retirement pension or widow's benefit made before 1st March... - Clause 191 - Promoting and facilitating (22 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 194 - Combined pension forecasts (6 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 195 - Information and advice to employees (3 speeches)
Question proposed, That the clause stand part of the Bill.
- Clause 220 - Persons entitled to more than (5 speeches)
- Pensions Bill, 7th sitting (0 speeches)
[Mr. Win Griffiths in the Chair]- New clause 5 - State pension rights of women with a - record of reduced rate contributions (31 speeches)
'(1) The Secretary of State shall compile a list of all women whose record of National Insurance Contributions includes one or more years in which they paid contributions at the reduced rate for... - New clause 6 - Indexation of overseas pensions (14 speeches)
'From the date of coming into force of this Act, all state retirement pensions in payment to pensioners living outside the United Kingdom shall be subject to annual uprating by the same... - New clause 9 - Annual update linked to earnings (8 speeches)
'The Secretary of State shall each year increase the basic retirement pension by not less than an amount equivalent to— (a) the percentage increase in the general level of earnings during...
- New clause 5 - State pension rights of women with a - record of reduced rate contributions (31 speeches)
- Pensions Bill, 8th sitting (0 speeches)
[Mr. James Cran in the Chair]- Clause 196 - Requirement for member-nominated trustees (53 speeches)
I beg to move amendment No. 299, in clause 196, page 122, line 30, leave out 'one-third' and insert 'one-half'. - Clause 198 - Member-nominated trustees and directors: supplementary (3 speeches)
I beg to move amendment No. 297, in clause 198, page 125, line 2, leave out subsection (1). One of the peculiarities and joys of this Bill is that whenever we turn a corner, we stumble across a... - Clause 199 - Investment principles (4 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 200 - Requirement for knowledge and understanding: individual trustees (7 speeches)
I beg to move amendment No. 307, in clause 200, page 126, line 25, at end insert— '(6) The trustees of an occupational pension scheme must ensure that persons wishing to become... - Clause 202 - Requirement for knowledge and understanding: supplementary (4 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 203 - Conditions for pension protection (1 speech)
I beg to move amendment No. 278, in clause 203, page 128, line 17, after 'if' insert ', after the date on which he became employed by the transferor,'. I shall put the amendment in context.... - Clause 204 - Form of protection (14 speeches)
I beg to move amendment No. 310, in clause 204, page 129, line 8, leave out from 'scheme' to end of line 12 and insert 'is certified by the actuary to be broadly comparable to the occupational... - Clause 206 - Inalienability of occupational pension (3 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 209 - Debt due from the employer when assets insufficient (12 speeches)
I beg to move amendment No. 284, in clause 209, page 134, line 37, leave out 'insolvency' and insert 'relevant'. - Clause 210 - Resolution of disputes (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 212 - Annual increase in rate of certain (20 speeches)
I beg to move amendment No. 293, in clause 212, page 140, line 37, at end insert— '(5A) After subsection (6), insert— ''(7) Regulations may provide that this section does not... - Clause 215 - Exemption from statutary revaluation requirement (5 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 218 - Restrictions on commutation and age at which benefits may be received (3 speeches)
Question proposed, That the clause stand part of the Bill.
- Clause 196 - Requirement for member-nominated trustees (53 speeches)
- Pensions Bill, 9th sitting (2 speeches)
[Mr. Win Griffiths in the Chair]- Clause 178 - Pension schemes to which this Part applies (5 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 179 - The statutory funding objective (57 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 180 - Statement of funding principles (4 speeches)
Malcolm Wicks rose— - Clause 181 - Actuarial valuations and reports (9 speeches)
Amendment made: No. 319, in clause 181, page 114, line 43, leave out from 'and' to end of line 44 and insert '— (a) the effective date of the first actuarial valuation must be not more...
- Clause 178 - Pension schemes to which this Part applies (5 speeches)
- Pensions Bill, 10th sitting (0 speeches)
[Mr. James Cran in the Chair]- Clause 181 - Actuarial valuations and reports (2 speeches)
Question proposed [this day], That the clause, as amended, stand part of the Bill. Question again proposed. - Clause 182 - Certification of technical provisions (4 speeches)
Amendment proposed: No. 320, in clause 182, page 115, line 21, leave out from 'with' to end of line 22 and insert 'regulations under section 179'.—[Malcolm Wicks.] - Clause 183 - Recovery plan (0 speeches)
Amendments made: No. 325, in clause 183, page 116, line 8, after 'must', insert ', except in prescribed circumstances,'. No. 326, in clause 183, page 116, line 9, leave out 'as soon as is... - Clause 184 - Schedule of contributions (2 speeches)
Amendments made: No. 327, in clause 184, page 116, line 25, after 'reviewed', insert ', and if necessary revised,'. No. 328, in clause 184, page 116, line 29, leave out subsection (5) and... - Clause 185 - Failure to make payments (3 speeches)
Amendment made: No. 335, in clause 185, page 117, line 20, leave out 'in writing as soon as reasonably practicable' and insert 'and to the members within a reasonable period'.—[Mr. Pond.] - Clause 186 - Matters requiring agreement of the employer (5 speeches)
I beg to move amendment No. 338, in clause 186, page 118, line 12, after first 'the' insert 'active'. - Clause 187 - Matters on which advice of actuary (3 speeches)
I beg to move amendment No. 342, in clause 187, page 118, line 27, after 'preparing', insert 'or revising'. - Clause 188 - Powers of the Regulator (2 speeches)
Amendments made: No. 345, in clause 188, page 119, line 13, leave out paragraph (e) and insert— '(e) that the trustees or managers— (i) have failed to prepare a schedule of... - Clause 189 - Power to modify provisions of this Part (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 190 - Construction as one with the Pensions Act 1995 (6 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 81 - The board of the Pension Protection Fund (41 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 82 - Membership of the board (7 speeches)
I beg to move amendment No. 347, in clause 82, page 52, line 18, at end insert— '(4A) Any person appointed as an ordinary member shall have knowledge and understanding of— (a) the... - Schedule 5 - The Board of the Pension Protection Fund (0 speeches)
Amendments made: No. 399, in schedule 5, page 187, line 2, leave out 'discharged' and insert 'exercised'. No. 400, in schedule 5, page 188, line 21, leave out 'such of the Board's' and insert... - Clause 84 - Board's functions (7 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 85 - Supplementary powers (4 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 86 - The Non-Executive Committee (0 speeches)
Amendment made: No. 364, in clause 86, page 53, line 32, leave out 'discharged' and insert 'exercised'.—[Malcolm Wicks.] Clause 86, as amended, ordered to stand part of the Bill. - Clause 87 - Investment of funds (4 speeches)
I beg to move amendment No. 365, in clause 87, page 54, line 25, after 'be', insert 'at least'. - Clause 88 - Investment principles (3 speeches)
I beg to move amendment No. 349, in clause 88, page 55, line 9, at end insert— '(5) The statement of investment principles prepared under this section shall be made available by all... - Clause 89 - Borrowing (4 speeches)
Question proposed, That the clause stand part of the Bill. Malcolm Wicks rose— Mr. Waterson rose—
- Clause 181 - Actuarial valuations and reports (2 speeches)
- Pensions Bill, 11th sitting (0 speeches)
[Mr. James Cran in the Chair]- Clause 90 - Grants (72 speeches)
I beg to move amendment No. 272, in clause 90, page 55, line 36, leave out 'other than', and insert 'and'. - Clause 91 - Administration levy (4 speeches)
Question proposed, That the clause stand part of the Bill.
- Clause 90 - Grants (72 speeches)
- Pensions Bill, 12th sitting (0 speeches)
[Mr. James Cran in the Chair]- Clause 91 - Administration levy (1 speech)
Question proposed [this day], That the clause stand part of the Bill. Question again proposed. - Clause 93 - Annual reports to Secretary of State (4 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 94 - Duty to notify insolvency events (9 speeches)
I beg to move amendment No. 256, in clause 94, page 57, line 14, at end insert 'who shall have a duty to inform the members of the scheme'. - Clause 95 - Insolvency event, insolvency date and insolvency practitioner (0 speeches)
Amendment made: No. 366, in clause 95, page 58, line 23, at end insert— '( ) a meeting of creditors is held in relation to the company under section 95 of that Act (creditor's meeting... - Clause 96 - Insolvency practitioner's duty to (2 speeches)
Amendment made: No. 367, in clause 96, page 60, line 15, at end insert— '( ) Regulations may require notices issued under this section— (a) to be in a prescribed form; (b) to... - Clause 97 - Board's duty where there is a failure to comply with section 96 (0 speeches)
Amendments made: No. 282, in clause 97, page 60, line 34, after 'or', insert 'a qualifying relevant event within the meaning'. No. 283, in clause 97, page 60, line 38, after second 'event',... - Clause 98 - Eligible schemes (43 speeches)
I beg to move amendment No. 2, in clause 98, page 61, line 9, leave out subsection (2). - Clause 99 - Duty to assume responsibility for (10 speeches)
I beg to move amendment No. 416, in clause 99, page 61, line 14, leave out from 'where' to end of line 15 and insert— '(a) a qualifying insolvency event has occurred in relation to the... - Clause 100 - Duty to assume (18 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 101 - Applications and notifications (2 speeches)
Amendments made: No. 370, in clause 101, page 62, leave out lines 34 to 36 and insert— '(1) Where the trustees or managers of an eligible scheme become aware that—' No. 371, in... - Clause 103 - Protected liabilities (0 speeches)
Amendment made: No. 373, in clause 103, page 64, line 9, after 'which', insert 'the time immediately after'.—[Malcolm Wicks.] Clause 103, as amended, ordered to stand part of the Bill. - Clause 104 - Assessment periods (7 speeches)
I beg to move amendment No. 441, in clause 104, page 64, line 23, leave out sub-paragraph (iii) and insert— '(iii) the conditions in section 119(2) (no scheme rescue but sufficient assets... - Clause 105 - Admission of new members, (6 speeches)
Amendment made: No. 376, in clause 105, page 65, line 6, at beginning of line insert 'Except in prescribed circumstances and subject to prescribed conditions,'.—[Mr. Pond.] - Clause 107 - Restrictions on winding up of schemes (0 speeches)
Amendments made: No. 378, in clause 107, page 66, line 20, leave out from 'scheme' to 'an' in line 21 and insert 'in pursuance of'. No. 379, in clause 107, page 66, line 25, leave out... - Clause 108 - Power to validate (0 speeches)
Amendments made: No. 447, in clause 108, page 67, line 4, leave out 'give a notice to that effect' and insert 'issue a notice to that effect and give a copy of that notice'. No. 448, in... - Clause 109 - Board to act as creditor of the employer (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 111 - Loans to pay scheme benefits (4 speeches)
I beg to move amendment No. 452, in clause 111, page 68, line 26, leave out 'This section' and insert 'Subsection (2)'. This is a minor drafting amendment. Amendment agreed to. Amendment... - Clause 112 - Board's obligation to obtain (0 speeches)
Amendments made: No. 455, in clause 112, page 69, line 25, leave out 'Chapter' and insert 'section'. No. 456, in clause 112, page 69, line 32, leave out 'those purposes' and insert 'the... - Clause 114 - Binding valuations (0 speeches)
Amendment made: No. 457, in clause 114, page 70, line 20, leave out 'determination' and insert 'approval'.—[Malcolm Wicks.] Clause 114, as amended, ordered to stand part of the Bill. - Clause 115 - Schemes which become eligible schemes (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 117 - Circumstances in which Board ceases to (1 speech)
Amendment made: No. 458, in clause 117, page 72, line 16, leave out 'before the end of' and insert ', and no further insolvency event occurs in relation to the employer,... - Clause 118 - Consequences of the Board ceasing to (0 speeches)
Amendment made: No. 381, in clause 118, page 73, line 21, leave out paragraph (a).—[Malcolm Wicks.] Clause 118, as amended, ordered to stand part of the Bill. - Clause 119 - Requirement to wind up schemes with (4 speeches)
Amendments made: No. 460, in clause 119, page 73, line 38, leave out subsections (1) to (5) and insert— '(1) Where, in relation to an eligible scheme, an assessment period within section... - Clause 120 - Application for reconsideration (4 speeches)
Amendments made: No. 462, in clause 120, page 75, line 7, leave out from beginning of line to 'for' in line 8 and insert 'Where subsection (2) or (2A) applies in relation to an eligible...
- Clause 91 - Administration levy (1 speech)
- Pensions Bill, 13th sitting (2 speeches)
[Mr. James Cran in the Chair]- Clause 121 - Duty to assume responsibility (2 speeches)
Amendment made: No. 467, in clause 121, page 76, line 24, at end insert— '(2A) Where the Board makes a determination for the purposes of subsection (2), it must issue a determination... - Clause 122 - Transfer notice (0 speeches)
Amendments made: No. 468, in clause 122, page 77, line 4, leave out 'or 121' and insert', 121 or [duty to assume responsibility for closed schemes]'. No. 469, in clause 122, page 77, line 7,... - Clause 123 - Effect of Board assuming responsibility for a scheme (3 speeches)
I beg to move amendment No. 411, in clause 123, page 77, line 42, at end insert— '(7) The trustees or managers of such a scheme shall be discharged from any further liabilities of... - Schedule 6 - Transfer of property, rights and liabilities to the Board (3 speeches)
I beg to move amendment No. 413, in schedule 6, page 191, line 40, at end insert— '2A Any claims for unfair dismissal or other breach of a contract of employment arising therefrom are... - Clause 124 - The pension compensation provisions (6 speeches)
Question proposed, That the clause stand part of the Bill. - Schedule 7 - Pension compensation provisions (67 speeches)
I beg to move amendment No. 355, in schedule 7, page 193, line 11, leave out from 'means' to end of line 13 and insert '90%'.
- Clause 121 - Duty to assume responsibility (2 speeches)
- Pensions Bill, 14th sitting (1 speech)
Mr. Win Griffiths in the Chair]- Schedule 7 - Pension compensation provisions (12 speeches)
Amendment moved [this day]: No. 479, in schedule 7, page 200, line 41, leave out '27' and insert '25'. - C V (74 speeches)
Where— C is the compensation cap, and V is the annual value of benefit A or, in a case to which sub-paragraph (2)(b) applies, the aggregate of the annual values of benefit A and benefit... - Clause 126 - Postponement of compensation entitlement for the assessment period (5 speeches)
Amendment made: No. 492, in clause 126, page 79, line 11, at end insert— '( ) In subsection (1) the reference to ''normal pension age'' is to normal pension age, within the meaning of... - Clause 127 - Guaranteed minimum pensions (3 speeches)
I beg to move amendment No. 470, in clause 127, page 79, line 19, at end insert— '( ) In section 47 of the Pension Schemes Act 1993 (further provision concerning entitlement to a... - Clause 128 - Duty to pay scheme benefits unpaid at (0 speeches)
Amendments made: No. 493, in clause 128, page 79, line 22, after 'of' insert 'pensions or other'. No. 494, in clause 128, page 79, line 28, leave out 'is' and insert 'and ''scheme rules''... - Clause 129 - Modification of Chapter where liabilities discharged during assessment period (0 speeches)
Amendment made: No. 385, in clause 129, page 79, line 36, leave out 'section 105(5)' and insert 'section 107(4)'.—[Mr. Pond.] Clause 129, as amended, ordered to stand part of the Bill. - Clause 130 - Administration of compensation (12 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 131 - Discharge of liabilities in respect of compensation (12 speeches)
I beg to move amendment No. 352, in clause 131, page 80, line 33, at end insert— '(d) by agreeing that the purchase of annuities in respect of an occupational pension scheme which is in... - Clause 132 - Discharge of liabilities in respect of money purchase benefits (2 speeches)
Amendments made: No. 386, in clause 132, page 80, line 38, leave out 'have accrued rights under the scheme' and insert 'are entitled, or have accrued rights, under the scheme rules'. No.... - Clause 133 - Equal treatment (7 speeches)
Amendment made: No. 495, in clause 133, page 81, line 36, leave out paragraph (a) and insert— '(a) the pension compensation provisions,'.—[Mr. Pond.] Question proposed, That the... - Clause 134 - Relationship with fraud compensation scheme (0 speeches)
Amendments made: No. 471, in clause 134, page 82, line 3, leave out from 'given' to end of line 4 and insert 'in respect of a scheme within the first 12 months of an assessment period in... - Clause 135 - Pension Protection Fund (5 speeches)
I beg to move amendment No. 389, in clause 135, page 83, line 1, leave out 'income' and insert 'any income or capital gain'.
- Schedule 7 - Pension compensation provisions (12 speeches)
- Pensions Bill, 15th sitting (2 speeches)
[Mr. James Cran in the Chair]- Clause 136 - Initial levy (34 speeches)
I beg to move amendment No. 184, in clause 136, page 83, line 39, after 'regulations', insert ', which shall be no earlier than the day on which the basis for calculating the risk-based levy in... - Clause 137 - Pension protection levies (27 speeches)
I beg to move amendment No. 520, in clause 137, page 84, line 3, leave out 'one or'. - Clause 138 - Supplementary provisions about pension protection levies (3 speeches)
I beg to move amendment No. 221, in clause 138, page 85, line 26, at end insert— '(3) The Secretary of State must approve any determination by the Board under section 137(5) in respect of...
- Clause 136 - Initial levy (34 speeches)
- Pensions Bill, 16th sitting (1 speech)
[Mr. James Cran in the Chair]- Clause 139 - Amounts to be raised by the pension (14 speeches)
I beg to move amendment No. 360, in clause 139, page 85, line 36, leave out '50%' and insert '75%'. Thank you for clarifying matters, Mr. Cran, although it has risked ruining my Easter recess.... - Clause 140 - The levy ceiling (11 speeches)
I beg to move amendment No. 362, in clause 140, page 86, line 24, at end insert 'save that in the first year, the levy ceiling will be no higher than £600 million'. Not unreasonably, the... - Clause 141 - Valuations to determine scheme underfunding (1 speech)
Question proposed, That the clause stand part of the Bill. - Clause 142 - Pension protection levies during the transitional period (5 speeches)
I beg to move amendment No. 218, in clause 142, page 88, line 11, leave out from 'means' to '(within' in line 12 and insert 'a period of time no longer than two years after the initial period... - Clause 143 - Calculation, collection and recovery of levies (9 speeches)
I beg to move amendment No. 279, in clause 143, page 88, line 21, at end insert— '( ) The trustees or managers of the scheme may charge a sum at least equivalent to the non-risked based... - Clause 144 - Cases where fraud compensation payments (6 speeches)
Amendment made: No. 391, in clause 144, page 90, line 23, leave out from 'apply' to end of line 28 and insert— '(8A) For the purposes of this section, an insolvency event (''the current... - Clause 146 - Recovery of value (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 149 - Board's powers to make fraud compensation transfer payments (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 150 - Fraud Compensation Fund (0 speeches)
Amendments made: No. 392, in clause 150, page 94, line 9, leave out 'and'. No. 393, in clause 150, page 94, line 10, at end insert ', and ( ) any income or capital gain credited under... - Clause 152 - Information to be provided to the Board (3 speeches)
Amendment made: No. 394, in clause 152, page 95, line 14, leave out from 'provide' to 'information' in line 15 and insert '— (a) to the Board, or (b) to a person— (i) with whom... - Clause 153 - Notices requiring provision of information (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 154 - Entry of premises (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 155 - Penalties relating to sections 153 and 154 (0 speeches)
Amendment made: No. 396, in clause 155, page 97, line 31, leave out from 'required' to 'is' and insert 'to produce under section 153 or 154'.—[Malcolm Wicks.] Clause 155, as amended,... - Clause 156 - Warrants (1 speech)
Question proposed, That the clause stand part of the Bill. - Clause 159 - Restricted information (0 speeches)
Amendment made: No. 397, in clause 159, page 100, line 17, leave out 'other than the Board' and insert 'authorised under subsection (2)(b) of that section'.—[Malcolm Wicks.] Clause 159,... - Schedule 8 - Restricted information held by the Board: certain permitted disclosures to facilitate exercise of functions (4 speeches)
Question proposed, That this schedule be the eighth schedule to the Bill. - Clause 163 - Other permitted disclosures (0 speeches)
Amendments made: No. 68, in clause 163, page 101, leave out lines 20 and 21 and insert— '(a) by or on behalf of— (i) the Board, or (ii) any public authority (within the meaning... - Clause 164 - Disclosure of information by the (17 speeches)
Amendment made: No. 71, in clause 164, page 102, line 41, after '(2)' insert 'above or section 19 of the Anti-terrorism, Crime and Security Act 2001 (c.24) (disclosure of information held by...
- Clause 139 - Amounts to be raised by the pension (14 speeches)
- Pensions Bill, 17th sitting (5 speeches)
[Mr. James Cran in the Chair]- Clause 167 - Meaning of ''reviewable matters'' (14 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 168 - Review and reconsideration by Board of reviewable matters (0 speeches)
Question proposed, That the clause stand part of the Bill. Mr. Waterson: May I return to the principle of the issue of review? We entirely understand why there should be a PPF ombudsman and that... - Clause 169 - Investigation by Board of complaints of maladministration (7 speeches)
May I ask for your guidance, Mr. Cran? Have we finished with clause 168? - Clause 170 - The Ombudsman for the Board of the Pension Protection Fund (45 speeches)
I beg to move amendment No. 514, in clause 170, page 108, line 10, leave out 'or be removed'. - Clause 171 - Disqualification of PPF Ombudsman from certain offices (1 speech)
Amendments made: No. 531, in clause 171, page 109, line 4, after 'Fund', insert 'and any deputy to that Ombudsman appointed under section [Deputy PPF Ombudsmen] of the Pensions Act 2004.'.... - Clause 172 - Annual reports to Secretary of State (7 speeches)
I beg to move amendment No. 516, in clause 172, page 109, line 11, leave out 'the Secretary of State' and insert 'both Houses of Parliament'.
- Clause 167 - Meaning of ''reviewable matters'' (14 speeches)
- Pensions Bill, 18th sitting (0 speeches)
[Mr. Win Griffiths in the Chair]- Clause 172 - Annual reports to Secretary of State (0 speeches)
Question proposed [this day], That the clause stand part of the Bill. Question again proposed. Question put and agreed to. Clause 172 ordered to stand part of the Bill. - Clause 173 - Reference of reviewable matter to (5 speeches)
I beg to move amendment No. 518, in clause 173, page 110, line 34, at end insert 'taking into account but not being limited to remedies available by way of legal action in the civil courts'. I... - Clause 174 - Investigation by PPF Ombudsman of complaints of maladministration (3 speeches)
I beg to move amendment No. 537, in clause 174, page 111, line 38, at end insert— '( ) To assist him in an investigation, the PPF Ombudsman may obtain advice from any person who in his... - Clause 175 - Determinations of the PPF Ombudsman (5 speeches)
I beg to move amendment No. 538, in clause 175, page 111, line 44, at end insert— '( ) The PPF Ombudsman may refer any question of law arising for determination in connection with a... - Clause 176 - Obstruction etc of the PPF Ombudsman (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 177 - Backdating the winding up of eligible schemes (5 speeches)
I beg to move amendment No. 501, in clause 177, page 112, line 41, at end insert— '(1A) Subsection (2) also applies where— (a) the trustees or managers of an eligible... - Clause 224 - Dissolution of OPRA (3 speeches)
Amendment made: No. 504, in clause 224, page 150, line 21, leave out 'an order under this section' and insert 'subsection (2)'.—[Mr. Pond.] Question proposed, That the clause, as... - Clause 225 - Transfer of employees from OPRA to the Regulator (3 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 226 - Dissolution of the Pensions Compensation Board (0 speeches)
Amendment made: No. 505, in clause 226, page 151, line 1, leave out 'an order under this section' and insert 'subsection (2)'.—[Mr. Pond.] Clause 226, as amended, ordered to stand... - Clause 227 (4 speeches)
Service of notifications and other documents Question proposed, That the clause stand part of the Bill. - Clause 228 - Notification and documents in electronic form (1 speech)
I beg to move amendment No. 558, in clause 228, page 153, line 17, at end insert 'and in the application of this section to Northern Ireland by virtue of section 246(2)(f)(ii) also includes the... - Clause 229 - Timing and location of things done electronically (6 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 230 - Overriding requirements (5 speeches)
I beg to move amendment No. 559, in clause 230, page 154, line 13, leave out 'section 204' and insert 'sections [no indemnification for fines or civil penalties] and 204'.
- Clause 172 - Annual reports to Secretary of State (0 speeches)
- Pensions Bill, 19th sitting (7 speeches)
[Mr. Win Griffiths in the Chair]- Clause 231 - Modification of this Act in relation to hybrid or multi-employer schemes (41 speeches)
I beg to move amendment No. 560, in clause 231, page 154, line 39, leave out 'and'. - Clause 233 - Admissibility of statements (8 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 237 - Breach of regulations (2 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 238 - Subordinate legislation (general provisions) (3 speeches)
The clause makes provision in relation to secondary legislation made under the Bill. It provides that any power under the Bill to make subordinate legislation is exercisable by statutory... - Clause 239 - Parliamentary control of orders and regulations (3 speeches)
Amendment made: No. 562, in clause 239, page 159, line 12, at end insert— '( ) regulations which make provision by virtue of section (Further provisions about regulations relating to... - Clause 240 - Consultations about regulations (3 speeches)
I hope that this is, in a sense, an apology from Ministers for the problems of lack of consultation, late tabling of amendments and so on. It is extremely important that there is proper...
- Clause 231 - Modification of this Act in relation to hybrid or multi-employer schemes (41 speeches)
- Pensions Bill, 20th sitting (0 speeches)
[Mr. Win Griffiths in the Chair]- Clause 240 - Consultations about regulations (5 speeches)
Question proposed [this day], That the clause stand part of the Bill. Question again proposed. - Schedule 11 - Minor and consequential amendments (26 speeches)
Amendments made: No. 90, in schedule 11, page 229, line 6, at end insert— ' In section 53 (supervision: former contracted-out schemes), after subsection (1B) insert— ''(1C) But... - Clause 243 - Repeals and revocations (1 speech)
Question proposed, That the clause stand part of the Bill. - Schedule 12 - Repeals and revocations (23 speeches)
I beg to move amendment No. 101, in schedule 12, page 232, line 29, leave out '1' and insert '2'. The hon. Member for Eastbourne said that earlier in his career he took a comma all the way to... - Clause 244 - Pre-consolidation amendments (1 speech)
Question proposed, That the clause stand part of the Bill. - Clause 245 - Commencement (11 speeches)
Question proposed, That the clause stand part of the Bill. - Clause 246 - Extent (3 speeches)
I beg to move amendment No. 539, in clause 246, page 162, line 46, at beginning insert 'Subject to the following provisions,'. - Clause 247 - Northern Ireland (0 speeches)
Amendments made: No. 565, in clause 247, page 163, line 27, at beginning insert '(1)'. No. 566, in clause 247, page 163, line 34, at end insert— '(2) Where an Order in Council to which... - Clause 248 - Short title (2 speeches)
Question proposed, That the clause stand part of the Bill.
- Clause 240 - Consultations about regulations (5 speeches)
- Pensions Bill, 21st sitting (0 speeches)
[Mr. Win Griffiths in the Chair]- New Clause 2 - Effect of determination to wind up scheme on freezing order (0 speeches)
No. NC2, to move the following Clause:— '(1) This section applies where— (a) the Regulator determines to make an order under section 11 of the Pensions Act 1995 (c.26) (power to... - New Clause 3 - Reports by skilled persons (0 speeches)
No. NC3, to move the following Clause:— '(1) The Regulator may issue a notice (a ''report notice'') to— (a) the trustees or managers of a work-based pension scheme, (b) any employer... - New Clause 10 - Schemes required to wind up but unable to buy out liabilities (0 speeches)
No. NC10, to move the following Clause:— '(1) This section applies where section 120(2) or (2A) (scheme rescue not possible but scheme has sufficient assets to meet the protected... - New Clause 11 - Treatment of closed schemes required to wind up (0 speeches)
No. NC11, to move the following Clause:— '(1) In this section ''closed scheme'' means an eligible scheme which is authorised under section [schemes required to wind up but unable to buy... - New Clause 12 - Valuations of closed schemes (0 speeches)
No. NC12, to move the following Clause:— '(1) Regulations may make provision requiring the trustees or managers of closed schemes to obtain actuarial valuations of the scheme at such... - New Clause 13 - Applications and notifications where closed schemes have insufficient assets (0 speeches)
No. NC13, to move the following Clause:— '(1) If at any time the trustees or managers of a closed scheme become aware that the value of the assets of the scheme is less than the amount of... - Column Number: 737 (0 speeches)
New Clause 14Duty to assume responsibility for closed schemes - Duty to assume responsibility for closed schemes (0 speeches)
No. NC14, to move the following Clause:— '(1) Where the trustees or managers of a closed scheme— (a) make an application under subsection (1) of section [applications and... - New Clause 15 - Closed schemes: further assessment periods (0 speeches)
No. NC15, to move the following Clause:— '(1) This section applies where— (a) an application is made under subsection (1) of section [applications and notifications where closed... - New Clause 16 - Meaning of ''reviewable matters'' (0 speeches)
No. NC16, to move the following Clause:— '(1) For the purposes of this Chapter, ''reviewable matter'' means a matter mentioned in Schedule [Reviewable matters]. (2) Regulations may... - New Clause 21 - Deputy PPF Ombudsmen (0 speeches)
'(1) The Secretary of State may appoint one or more persons to act as a deputy to the PPF Ombudsman (''a Deputy PPF Ombudsman''). (2) Any such appointment is to be on such terms and conditions... - Column Number: 739 (0 speeches)
New Clause 22Publishing reports etc - Publishing reports etc (0 speeches)
'(1) If the PPF Ombudsman considers it appropriate to do so in any particular case, he may publish in such form and manner as he considers appropriate a report of any investigation carried out... - New Clause 23 - The Pensions Ombudsman and Deputy Pensions Ombudsmen (0 speeches)
'(1) In subsection (2) of section 145 of the Pension Schemes Act 1993 (c. 48) (the Pensions Ombudsman) after ''hold'' insert ''and vacate''. (2) For subsection (3) of that section... - New Clause 24 - Jurisdiction (0 speeches)
'(1) After section 146(4) of the Pension Schemes Act 1993 (c. 48) (power to apply Part 10 of that Act to those concerned with the administration of a scheme) insert— ''(4A) For the... - New Clause 25 - Investigations (0 speeches)
'(1) Omit section 54 of the Child Support, Pensions and Social Security Act 2000 (c.19) (''the 2000 Act'') (which amends sections 148, 149 and 151 of the Pension Schemes Act 1993 (c. 48) and... - New Clause 26 - Voluntary contributions (0 speeches)
'(1) Omit section 111 of the Pension Schemes Act 1993 (c. 48) (requirements for schemes to provide facilities for members to pay voluntary contributions, and relating to any such contributions).... - New Clause 30 - Modification of subsisting rights (12 speeches)
'For section 67 of the Pensions Act 1995 (c. 26) substitute— 67 The subsisting rights provisions (1) The subsisting rights provisions apply to any power conferred on any person by an... - New Clause 31 - Publishing reports (4 speeches)
'(1) The Board may, if it considers it appropriate to do so in any particular case, publish a report of the exercise of, or any matter arising out of or connected with the exercise of, any of... - New Clause 32 - No indemnification for fines or civil penalties (0 speeches)
'(1) No amount may be paid out of the assets of an occupational or personal pension scheme for the purpose of reimbursing, or providing for the reimbursement of, any trustee or manager of the... - New Clause 33 - Increase in age at which short service benefit must be payable (0 speeches)
'(1) In section 71 of the Pension Schemes Act 1993 (c. 48) (basic principle as to short service benefit), for subsection (3) substitute— ''(3) Subject to subsection (4), short service... - New Clause 34 - Consultation by employers: occupational pension schemes (0 speeches)
'(1) Regulations may require any prescribed person who is the employer in relation to an occupational pension scheme and who— (a) proposes to make a prescribed decision in relation to... - New Clause 35 - Consultation by employers: personal pension schemes (0 speeches)
'(1) Regulations may require any prescribed person who— (a) is the employer in relation to a personal pension scheme where direct payment arrangements exist in respect of one or more... - New Clause 36 - Further provisions about regulations relating to consultation by employers (0 speeches)
'(1) In this section ''consultation regulations'' means regulations under section (Consultation by employers: occupational pension schemes) or (Consultation by employers: personal pension... - New Clause 38 - Independent trustees (0 speeches)
'(1) Part 1 of the Pensions Act 1995 (occupational pension schemes) is amended as follows. (2) In section 22 (circumstances in which provisions relating to independent trustees apply)—... - New Clause 39 - Contribution notices where avoidance of employer debt (12 speeches)
'(1) This section applies in relation to an occupational pension scheme other than— (a) a money purchase scheme, or (b) a prescribed scheme or a scheme of a prescribed description. ... - Column Number: 777 (0 speeches)
New Clause 40The sum specified in a section [Contribution notices where avoidance of employer debt] contribution notice - The sum specified in a section [Contribution notices where avoidance of employer debt] contribution notice (0 speeches)
'(1) The sum specified by the Regulator in a contribution notice under section [Contribution notices where avoidance of employer debt] may be either the whole or a specified part of the... - New Clause 41 - Content and effect of a section [Contribution notices where avoidance of employer debt] contribution notice (0 speeches)
'(1) This section applies where a contribution notice is issued to a person under section [Contribution notices where avoidance of employer debt]. (2) The contribution notice must— (a)... - New Clause 42 - Section [Contribution notices where avoidance of employer debt] contribution notice: relationship with employer debt (0 speeches)
'(1) This section applies where a contribution notice is issued to a person under section [Contribution notices where avoidance of employer debt] and condition A or B is met. (2) Condition A is... - New Clause 44 - Financial support directions (4 speeches)
'(1) This section applies in relation to an occupational pension scheme other than— (a) a money purchase scheme, or (b) a prescribed scheme or a scheme of a prescribed description. ...
- New Clause 2 - Effect of determination to wind up scheme on freezing order (0 speeches)
- Pensions Bill, 22nd sitting (0 speeches)
[Mr. James Cran in the Chair]- New Clause 44 - Financial support directions (4 speeches)
'(1) This section applies in relation to an occupational pension scheme other than— (a) a money purchase scheme, or (b) a prescribed scheme or a scheme of a prescribed description. ... - New Clause 45 - Meaning of ''service company'' and ''insufficiently resourced'' (0 speeches)
'(1) This section applies for the purposes of section [Financial support directions] (financial support directions). (2) A company (''C'') is a ''service company'' at the relevant time if C's... - New Clause 46 - Meaning of ''financial support'' (0 speeches)
'(1) For the purposes of section [Financial support directions] (financial support directions), ''financial support'' for a scheme means one or more of the arrangements falling within subsection... - New Clause 47 - Contribution notices where non-compliance with financial support direction (0 speeches)
'(1) This section applies where there is non-compliance with a financial support direction issued in relation to a scheme under section [Financial support directions]. (2) The Regulator may... - New Clause 48 - The sum specified in a section [Contribution notices where non-compliance with financial support direction] contribution notice (0 speeches)
'(1) The sum specified by the Regulator in a contribution notice under section [Contribution notices where non-compliance with financial support direction] may be either the whole or a specified... - New Clause 49 - Content and effect of a section [Contribution notices where non-compliance with financial support direction] contribution notice (0 speeches)
'(1) This section applies where a contribution notice is issued to a person under section [Contribution notices where non-compliance with financial support direction]. (2) The contribution... - New Clause 50 - Section [Contribution notices wherenon-compliance with financial support direction] contribution notice: relationship with employer debt (0 speeches)
'(1) This section applies where a contribution notice is issued to a person under section [Contribution notices where non-compliance with financial support direction] and condition A or B is met.... - New Clause 51 - Sections [Financial support directions] to [Section [Contribution notices where non-compliance with financial support direction]: relationship with employer debt]: interpretation (0 speeches)
'(1) In sections [Financial support directions] to [Section [Contribution notices where non-compliance with financial support direction]: relationship with employer debt]— ''company'' has... - New Clause 28 - Minimum Retirement Income (49 speeches)
'(1) The amount of the Minimum Retirement Income shall be set for each financial year following consultation by the Chancellor of the Exchequer by order. (2) An order under this section shall,... - New Clause 29 - Pension position of women (35 speeches)
'The Secretary of State shall prepare an annual report setting out changes made to the pension position of women.'.—[Vera Baird.] Brought up, and read the First time. - New Schedule 1 - Reviewable matters (8 speeches)
1 Whether an occupational pension scheme is an eligible scheme. 2 The issue of, or failure to issue, a notice under section 97(2) (Board's duty where insolvency practitioner fails to give a...
- New Clause 44 - Financial support directions (4 speeches)