Clause 15
Pensions Bill
1:30 pm
Roger Gale (North Thanet, Conservative)
I remind the Committee that with this we are discussing the following:
Clause stand part.
That schedule 4 be the Fourth schedule to the Bill.
New clause 3—Review of the abolition of contracting-out for defined contribution pensions schemes—
‘(1) The Secretary of State shall make a statement to Parliament in each financial year after 6th April 2010 on the use of the revenue that would previously have been assigned to contracted-out rebates for defined contribution schemes.
(2) For the purposes of subsection (1) above, the statement shall cover the extent to which the revenue is assigned to promoting saving.’.