Schedule 1

Part of Pensions Bill – in a Public Bill Committee at 10:30 am on 5th February 2008.

Alert me about debates like this

Photo of Nicholas Winterton Nicholas Winterton Conservative, Macclesfield 10:30 am, 5th February 2008

With this it will be convenient to discuss the following amendments: No. 69, in schedule 1, page 55, line 2, at end insert—

‘(2A) In preparing the report, the Trustee Corporation must have regard to such independent actuarial advice as it considers appropriate.’.

No. 65, in clause 61, page 28, line 29, at end insert—

‘(3A) The authority must within 12 months of the passing of this Act, and at such other time as the Secretary of State directs, publish a report analysing the potential impact on the financial position of a scheme under section 50(1) of different rates of—

(a) take-up of;

(b) persistency in; and

(c) contributions to the scheme, and setting out appropriate options for managing the financial risks associated with different outcomes.

(3B) In preparing the report under subsection (3A) the Authority must have regard to such independent actuarial advice as it considers appropriate.’.