Clause 9
Pensions Bill
1:00 pm
Andrew Selous (Shadow Minister, Work & Pensions; South West Bedfordshire, Conservative)
Amendment No. 136 was tabled in the same spirit that informed some of our earlier debates around pay-as-you-earn: trying to simplify things for employers, and making the administration of personal accounts as small a burden as possible for employers.
I fully accept that the pensions regulator will need access to information about personal account schemes that are set up by employers up and down the country. The purpose of this amendment is to determine whether there is a less burdensome way for employers to get that information to the pensions regulator. The assumption underlying the amendment is that there is, or could be, an information gateway between Her Majesty’s Customs and Revenue and the regulator. Can the Minister confirm that?
The Minister for Pensions Reform (Mr. Mike O'Brien) indicated assent.