Pension Schemes Bill

– in a Public Bill Committee on 21st October 2014.

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[Mr Peter Bone in the Chair]

Photo of Peter Bone Peter Bone Conservative, Wellingborough 8:55 am, 21st October 2014

Before we begin, I shall make a few housekeeping announcements. Please switch electronic devices to silent. For my benefit, tea and coffee are not allowed during sittings.

The Committee will first be asked to consider the programme motion on the amendment paper. Debate is limited to a maximum of half an hour. We will then consider a motion to permit the Committee to deliberate in private in advance of oral evidence sessions and a motion to report written evidence.

In view of the time available, I hope that we may take those matters formally. Assuming agreement, we will move into private session to agree questions. Witnesses and members of the public will then be invited back into the room and our oral evidence will begin—so, ladies and gentlemen, do not make yourselves too comfortable, because you will be thrown out in a minute or so.

Motion made, and Question proposed,

That—

(1) the Committee shall (in addition to its first meeting at 8.55 a.m. on Tuesday 21 October) meet—

(a) at 2.00 pm on Tuesday 21 October;

(b) at 11.30 am and 2.00 pm on Thursday 23 October;

(c) at 9.25 am and 2.00 pm on Tuesday 28 October;

(d) at 11.30 am and 2.00 pm on Thursday 30 October;

(e) at 9.25 am and 2.00 pm on Tuesday 4 November;

(f) at 11.30 am and 2.00 pm on Thursday 6 November;

(2) the Committee shall hear oral evidence in accordance with the following Table:

Date

Time

Witness

Tuesday 21 October

Until no later than 9.30 am

The Pensions Regulator

Tuesday 21 October

Until no later than 10.15 am

Pension Protection Fund; Financial Conduct Authority

Tuesday 21 October

Until no later than 11.00 am

Pensions Advisory Service; Money Advice Service

Tuesday 21 October

Until no later than 3.00 pm

Royal Society of Arts; Cardano; First Actuarial; KPMG

Tuesday 21 October

Until no later than 4.00 pm

Aon Hewitt; Financial Services Consumer Panel; Confederation of British Industry

Thursday 23 October

Until no later than 12.15 pm

Mr Dominic Lindley; Which?; Trades Union Congress

Thursday 23 October

Until no later than 1.00 pm

Pensions Policy Institute; Dr Ros Altmann; Age UK

Thursday 23 October

Until no later than 3.00 pm

Association of British Insurers; Dr Debbie Harrison; National Association of Pension Funds

Thursday 23 October

Until no later than 4.00 pm

Mr John Greenwood; Strategic Society Centre; Towers Watson

Thursday 23 October

Until no later than 4.45 pm

Department for Work and Pensions

(3) proceedings on consideration of the Bill in Committee shall be taken in the following order: Clauses 1 to 8; Schedule 1; Clauses 9 to 12; Schedule 2; Clause 13; Schedule 3, Clauses 14 to 37, Schedule 4; Clauses 38 to 45; new Clauses; new Schedules; remaining proceedings on the Bill;

(4) the proceedings shall (so far as not previously concluded) be brought to a conclusion at 5.00 p.m. on Thursday 6 November..—(Steve Webb.)

Photo of Therese Coffey Therese Coffey Assistant Whip (HM Treasury)

I beg to move an amendment, for paragraph (3) to substitute—

“(3) proceedings on consideration of the Bill in Committee shall be taken in the following order: Clauses 1 to 8; Schedule 1; Clauses 9 to 12; Schedule 2; Clause 13; Schedule 3; Clauses 15 to 37; Schedule 4; Clauses 38 to 45; Clause 14; new Clauses; new Schedules; remaining proceedings on the Bill;”

I understand the amendment has been agreed with the hon. Member for Cumbernauld, Kilsyth and Kirkintilloch East. It moves discussion of clause 14 towards the end of consideration of the Bill, after clauses 38 to 45, so that we discuss the defined-ambition elements together, rather than splitting them up.

Amendment agreed to.

Main Question, as amended, put and agreed to.

Ordered,

That—

(1) the Committee shall (in addition to its first meeting at 8.55 a.m. on Tuesday 21 October) meet—

(a) at 2.00 pm on Tuesday 21 October;

(b) at 11.30 am and 2.00 pm on Thursday 23 October;

(c) at 9.25 am and 2.00 pm on Tuesday 28 October;

(d) at 11.30 am and 2.00 pm on Thursday 30 October;

(e) at 9.25 am and 2.00 pm on Tuesday 4 November;

(f) at 11.30 am and 2.00 pm on Thursday 6 November;

(2) the Committee shall hear oral evidence in accordance with the following Table:

Date

Time

Witness

Tuesday 21 October

Until no later than 9.30 am

The Pensions Regulator

Tuesday 21 October

Until no later than 10.15 am

Pension Protection Fund; Financial Conduct Authority

Tuesday 21 October

Until no later than 11.00 am

Pensions Advisory Service; Money Advice Service

Tuesday 21 October

Until no later than 3.00 pm

Royal Society of Arts; Cardano; First Actuarial; KPMG

Tuesday 21 October

Until no later than 4.00 pm

Aon Hewitt; Financial Services Consumer Panel; Confederation of British Industry

Thursday 23 October

Until no later than 12.15 pm

Mr Dominic Lindley; Which?; Trades Union Congress

Thursday 23 October

Until no later than 1.00 pm

Pensions Policy Institute; Dr Ros Altmann; Age UK

Thursday 23 October

Until no later than 3.00 pm

Association of British Insurers; Dr Debbie Harrison; National Association of Pension Funds

Thursday 23 October

Until no later than 4.00 pm

Mr John Greenwood; Strategic Society Centre; Towers Watson

Thursday 23 October

Until no later than 4.45 pm

Department for Work and Pensions

(3) proceedings on consideration of the Bill in Committee shall be taken in the following order: Clauses 1 to 8; Schedule 1; Clauses 9 to 12; Schedule 2; Clause 13; Schedule 3; Clauses 15 to 37; Schedule 4; Clauses 38 to 45; Clause 14; new Clauses; new Schedules; remaining proceedings on the Bill;

(4) the proceedings shall (so far as not previously concluded) be brought to a conclusion at 5.00 p.m. on Thursday 6 November.

Photo of Peter Bone Peter Bone Conservative, Wellingborough

The deadline—this is important for members of the Committee—for amendments to be considered at the two sittings of the Committee on Tuesday 28 October is the rise of the House on Thursday 23 October.

Resolved,

That, at this and any subsequent meeting at which oral evidence is to be heard, the Committee shall sit in private until the witnesses are admitted.—(Steve Webb.)

Resolved,

That, subject to the discretion of the Chair, any written evidence received by the Committee shall be reported to the House for publication.—(Steve Webb.)

The Committee deliberated in private.