Clause 16

Part of Pensions Bill – in a Public Bill Committee at 2:15 pm on 24th January 2008.

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Photo of Andrew Selous Andrew Selous Shadow Minister (Work and Pensions) 2:15 pm, 24th January 2008

The purpose of the amendments is to seek clarification from the Minister about the differences between personal pension schemes and occupational pension schemes in the three different jurisdictions mentioned here, namely, the United Kingdom, the European Economic Area and outside the European Economic Area.

There is obviously a difference in categorisation between occupational and personal pension schemes. For example, what happens about personal pension schemes that are outside the European Economic Area is not clear. I am sure that international pension law is probably even more complicated than United Kingdom pension law but, given that we are bringing in such a significant Bill, it is important to be clear about what happens in the different jurisdictions, not least because more and more people are working internationally. There is a big increase of workers migrating to and from different countries. I would be grateful for any further elucidation that the Minister could give about the two amendments.