Pension Schemes Bill — Committee (1st Day)

Part of the debate – in the House of Lords at 5:00 pm on 7th January 2015.

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Photo of Baroness Drake Baroness Drake Labour 5:00 pm, 7th January 2015

I come back to the point on which I was seeking clarification. If the affirmative procedure is used in the first instance on something quite straightforward, such as that an obvious with-profits policy arrangement is not to be included in collective benefits, but the subsequent use of the regulation under the negative procedure went to the heart, such as saying there is an existing collective benefit scheme and we take the view that it should cease to be a collective benefit scheme therefore retrospectively those members would lose the protections under Part 2, could the regulations not be used to weaken the protections that scheme members had?