New Clause 35 - Consultation by employers: personal pension schemes

Pensions Bill – in a Public Bill Committee at 10:30 am on 27th April 2004.

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'(1) Regulations may require any prescribed person who—

(a) is the employer in relation to a personal pension scheme where direct payment arrangements exist in respect of one or more members of the scheme who are his employees, and

(b) proposes to make a prescribed decision affecting the application of the direct payment arrangements in relation to those employees,

to consult prescribed persons in the prescribed manner before he makes the decision.

(2) The validity of any decision prescribed for the purposes of subsection (1)(b) is not affected by any failure to comply with regulations under this section.

(3) Section (Further provisions about regulations relating to consultation by employers) contains further provisions about regulations under this section.'.—[Malcolm Wicks.]

Brought up, read the First and Second time, and added to the Bill.