Clause 44 - Commencement

Part of Pension Schemes Bill – in a Public Bill Committee at 9:25 am on 4th November 2014.

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333B Treasury’s role in relation to pensions guidance

(1) The Treasury must take such steps as they consider appropriate to ensure that people have access to pensions guidance.

(2) The Treasury may—

(a) seek to increase awareness of the availability of the guidance;

(b) undertake or commission research relating to the giving of the guidance.

333C Giving of pensions guidance

(1) The bodies listed in subsection (2) are to give pensions guidance in accordance with arrangements made with the Treasury.

(2) Those bodies are—

(a) the Pensions Advisory Service Limited;

(b) the National Association of Citizens Advice Bureaux;

(c) the Scottish Association of Citizens Advice Bureaux;

(d) the Northern Ireland Association of Citizens Advice Bureaux.

(3) The bodies listed in subsection (2) may give pensions guidance by arranging for it to be given by another person (including another listed body).

(4) The National Association of Citizens Advice Bureaux, the Scottish Association of Citizens Advice Bureaux and the Northern Ireland Association of Citizens Advice Bureaux may jointly carry out their functions of giving pensions guidance.

(5) The Treasury may by regulations repeal one or more of paragraphs (a) to (d) of subsection (2).

(6) Regulations under subsection (5) may make consequential amendments of this Act.

333D Financial assistance to bodies involved in giving pensions guidance

(1) The Treasury may make grants or loans or give any other form of financial assistance to—

(a) the Pensions Advisory Service Limited;

(b) the Northern Ireland Association of Citizens Advice Bureaux.

(For the power to make grants to the National Association of Citizens Advice Bureaux and the Scottish Association of Citizens Advice Bureaux see section 40A of the Consumers, Estate Agents and Redress Act 2007.)

(2) Any grant, loan or other form of financial assistance under subsection (1)—

(a) is to be made or given for the purpose of enabling the body to carry out its functions under section 333C(1), and

(b) may be made or given subject to such other terms as the Treasury consider appropriate.

(3) Any expenses incurred by the Treasury under this section are to be met out of money provided by Parliament.