Clause 29 - Prohibition orders
Pensions Bill
10:45 am
Mr Chris Pond (Parliamentary Under-Secretary, Department for Work and Pensions; Gravesham, Labour)
The hon. Gentleman is correct in saying that the clause extends powers in the 1995 Act. I am sure that he and other hon. Members will be pleased to
know that it imposes the same standards on trustees as exist in legislation on other groups that look after money, such as insolvency practitioners, bookmakers and auditors, as well as, I am advised, slaughtermen and taxi drivers. It is appropriate that trustees should at least match the standards required of those groups.