Clause 57
Pensions Bill
3:47 pm
Nigel Waterson (Shadow Minister, Work & Pensions; Eastbourne, Conservative)
I beg to move amendment No. 32, in clause 57, page 27, line 12, leave out subsection (3).
I have a short point, which is as much asking a question as speaking to the amendment. Subsection (3) refers the trustee corporation as a body corporate, not as having any Crown immunity or privilege. I understand the argument for that, but only a short while ago we had a debate about relieving individual trustees and others of their possible legal liabilities in certain circumstances. I am not sure how that chimes in with this aspect of the Bill, but I know that the Minister will enlighten me.