Lords amendment: No. 16.
Amendment (a) proposed in lieu thereof:
Financial Assistance Scheme: eligibility where employers remain solvent
To move the following Clause:—
The Pensions Act 2004 (c. 35) is amended as follows.
In section 286 (financial assistance for members etc.) insert after subsection (2)—
"(2A) Conditions prescribed under paragraph (c) in the definition of "qualifying pension scheme" in subsection (2) shall not exclude schemes which have been wound up in the absence of an insolvency event as referred to in Part 2, provided that such wind-up began before 11th June 2003.".'.— [Dr. Tony Wright.]
Question put, That the amendment be made:—
The House proceeded to a Division.
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Question accordingly negatived.
Lords amendment: No. 17 .
Motion made, and Question put, That this House disagrees with the Lords in the said amendment.— [Liz Blackman.]
The House divided: Ayes 303, Noes 253.