Pensions Bill

Part of the debate – in the House of Lords at 11:00 am on 4 November 2004.

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Photo of Lord Higgins Lord Higgins Shadow Minister, Economic Affairs 11:00, 4 November 2004

My Lords, this is a somewhat shotgun set of amendments. They seem to be aimed at various clauses all over the Bill. However, we accept that the Minister has sought to meet some points made in Committee and for that we express our appreciation. I am a little puzzled by one point the noble Baroness made in regard to the amendment which amends Clause 152—"Requirement to wind up schemes with sufficient assets to meet protected liabilities". The Minister referred to public sector schemes. I am not clear in what circumstances such schemes were being wound up. Perhaps she could elucidate further.