Clause 20 - Duty to set targets for collective benefits

Part of Pension Schemes Bill – in a Public Bill Committee at 11:45 am on 30th October 2014.

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This amendment and amendments 46, 51, 52 and 53 replace references to a required probability level with references to a specified range. Here, clause 20(2)(c) is amended so that regulations may require initial targets in relation to collective benefits to be set at a level which ensures that the probability of meeting the targets falls within a specified range.