Referral to Tribunal of refusal to grant authorisation

Pension Schemes Bill [Lords] – in a Public Bill Committee at 10:45 am on 7th February 2017.

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Question proposed, That the clause stand part of the Bill.

Photo of Richard Harrington Richard Harrington The Parliamentary Under-Secretary of State for Work and Pensions

The clause provides for the appeal rights if the Pensions Regulator refuses to grant authorisation, which I mentioned in the context of the previous clause, to a master trust scheme. The decision to refuse an application for authorisation, and thus to prevent a master trust scheme from operating in the market, is clearly a decision that the regulator cannot take lightly. It is right that the people who are directly affected by such a decision have recourse to appeal against it, should they wish to do so.

Question put and agreed to.

Clause 6 accordingly ordered to stand part of the Bill.

Clause 7