Pension Schemes Bill — Committee (1st Day)

Part of the debate – in the House of Lords at 6:00 pm on 7th January 2015.

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Photo of Lord Bradley Lord Bradley Shadow Spokesperson (Work and Pensions), Shadow Spokesperson (Health) 6:00 pm, 7th January 2015

Again,I am grateful to the Minister for his comments, and I welcome the fact that before Report stage we will get the detail that I sought through the amendment. It is important that we have that timeline for the consultation, so that there is clarity, both in the House and outside it, about what the process will involve. As the Minister has recognised, Clause 9 is crucial to this part of the Bill, and we need as much information as possible, and the opportunity to debate it, before the Bill passes through all its stages in this House. In the light of the Minister’s assurances, I beg leave to withdraw the amendment.

Amendment 4 withdrawn.

Clause 9 agreed.

Clause 10: Policy about factors used to determine each benefit

Amendment 5

Moved by Lord McAvoy

5: Clause 10, page 5, line 36, at end insert—

“( ) A statutory instrument containing regulations under this section which is the first exercise of such a power may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.”