Clause 35 - Registrable information
Pensions Bill
2:30 pm
Mr George Osborne (Tatton, Conservative)
There are two questions that the Minister did not answer—or rather, one question that he did not answer and one point that I have just thought of. The question that he did not answer was: who will decide what extra information can be prescribed under the subsection that I referred to? Will it be the regulator, or will the regulator have to get Ministers' permission? In addition, will Ministers have to get Parliament's approval? In other words, will such measures be submitted as regulations to Committees on statutory instruments?
The point that I have just thought of is as follows. Given that I have congratulated the Government on their consultation exercise, will the Minister give an assurance to the Committee—and through the Committee, to the industry—that if there were to be any material changes to the requirements of the scheme return, the Government would consult with the industry?