Previously called Standing Committees, Public Bill Commitees study proposed legislation (Bills) in detail, debating each clause and reporting any amendments to the Commons for further debate.
There are at least 16 MPs on a Committee, and the proportion of parties reflects the House of Commons, so the government always has a majority.
(Morning)
Rob Yuille and Zoe Alexander gave evidence.
Patrick Coyne and Charlotte Clark gave evidence.
Christopher Brooks and Jack Jones gave evidence.
Colin Clarke and Dale Critchley gave evidence.
[Karl Turner in the Chair]
Councillor Roger Phillips and Robert McInroy gave evidence.
Helen Forrest Hall and Sophia Singleton gave evidence.
Patrick Heath-Lay and Ian Cornelius gave evidence.
Tim Fassam gave evidence.
Michelle Ostermann and Morten Nilsson gave evidence.
Chris Curry and William Wright gave evidence.
Roger Sainsbury and Terry Monk gave evidence.
Rachel Elwell gave evidence.
Torsten Bell gave evidence.
[Sir Christopher Chope in the Chair]
I beg to move amendment 7, in clause 1, page 1, line 6, leave out “for England and Wales”. The amendment would secure that Clause 1 applies to a pension scheme for local government...
Amendments made: 16, in clause 2, page 3, line 5, leave out “for England and Wales”. The amendment would secure that Clause 2 applies to scheme regulations relating to pension scheme...
Question proposed, That the clause stand part of the Bill.
Amendments made: 18, in clause 4, page 4, line 35, leave out “for England and Wales”. The amendment would secure that Clause 4 applies to scheme regulations relating to a pension...
I beg to move amendment 244, in clause 5, page 6, line 6, at end insert— “(2) In the case of merger of schemes for local government workers, the Secretary of State must consider the...
Question proposed, That the clause stand part of the Bill.
Amendment made: 24, in clause 7, page 7, line 7, at end insert— “‘the responsible authority’ means (in relation to a scheme for local government workers in England and...
I beg to move amendment 25, in clause 8, page 8, line 2, leave out paragraph (b). This amendment is consequential on Amendment 27. It removes the power to disapply the section in prescribed...
I beg to move amendment 5, in clause 9, page 8, line 18, at end insert— “(2AA) Without prejudice to the generality of subsection (2A), regulations made under that subsection must...
[Sir Christopher Chope in the Chair]
Amendment proposed (this day): 247, in clause 9, page 8, line 23, at end insert— “(aa) prohibiting the making of a payment unless the scheme’s assets have exceeded a buyout...
I beg to move amendment 269, in clause 10, page 10, line 10, at end insert— “(aa) make, publish and keep under review the consistency of— (i) regulated VFM schemes, or (ii)...
I beg to move amendment 29, in clause 11, page 11, line 34, after “publication” insert “or sharing”. This amendment ensures that information on the database mentioned in...
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Amendments made: 30, in clause 16, page 16, line 20, leave out “the responsible trustees or managers to transfer”. This amendment corrects an error. Amendment 31: in clause 16, page...
Question proposed, that the clause stand part of the Bill.
Amendment made: 35, in clause 19, page 20, leave out lines 13 and 14.—(Torsten Bell.) This amendment is consequential on Amendment 28.
I beg to move amendment 262, in clause 20, page 21, line 12, leave out “£1,000” and insert “£2,000”. This amendment changes the value of small pot consolidation...
Question proposed, That the clause stand part of the Bill.
[Esther McVey in the Chair]
Question proposed, That the clause stand part of the Bill.
I beg to move amendment 36, in clause 29, page 27, leave out lines 14 and 15. This amendment clarifies that small pots regulations may confer rights of appeal more broadly than just in relation...
Question proposed, That the clause stand part of the Bill.
Amendment made: 41, in clause 31, page 29, line 38, leave out subsection (4) and insert— “(4) For the purposes of this Chapter a person is ‘FCA-regulated’ if they are an...
I beg to move amendment 4, in clause 32, page 30, line 12, at end insert— “(4) The Secretary of State must, at least once every three years, review the amount for the time being...
Amendment made: 42, in clause 34, page 31, line 1, leave out “No. 42, ‘FCA-regulated person’” and insert “‘FCA-regulated’, in relation to a...
Amendment made: 43, in clause 37, page 34, line 20, at end insert— “(3) In consequence of subsection (1)(b), in section 256 of the Pensions Act 2004 (no indemnification for fines or...
I beg to move amendment 44, in clause 38, page 34, line 27, leave out “‘other than an authorised Master Trust scheme’” and insert “‘that is not a relevant...
[Dawn Butler in the Chair]
Amendment proposed (this day): 248, in clause 38, page 41, line 4, leave out from beginning to end of line 9 on page 43.—(Mark Garnier.) This amendment would remove the ability of the...
I beg to move amendment 134 in clause 39, page 46, line 36, after “2008” insert— “in relation to the scale requirement in section 28B or the asset allocation requirement...
I beg to move amendment 140, in clause 41, page 48, line 22, after “2008” insert “or section 3(2), 5(2) or 7(3) of the Pensions (2) Act (Northern Ireland) 2008 (c. 13...
I beg to move amendment 147, in clause 42, page 55, line 9, leave out “eligible members” and insert “each eligible member”. This amendment clarifies that trustees or...
I beg to move amendment 156, in clause 43, page 56, line 29, leave out— “a member of the scheme” and insert— “eligible members of the scheme (whether comprising the...
I beg to move amendment 177, in clause 44, page 58, leave out line 2 and insert “Where only one pension benefit solution is available to the members of a relevant scheme,”. This...
I beg to move amendment 196, in clause 45, page 59, line 27, leave out “offer” and insert “provide or make available”. This amendment allows for regulations either to...
I beg to move amendment 203, in clause 46, page 60, line 8, leave out “default”. This amendment ensures that clause 46 operates in respect of qualifying pension benefit solutions as...
Amendment made: 211, in clause 47, page 61, line 4, leave out subsections (1) to (5) and insert— “(1) Regulations may make provision with a view to ensuring the compliance of any...
Amendments made: 212, in clause 49, page 62, line 13, at end insert— “‘pension benefit solution’ has the meaning given by section 42(2);”. This amendment adds...
I beg to move amendment 214, in clause 50, page 62, line 33, leave out from beginning to end of line 8 on page 63 and insert— “ (1) The FCA must make general rules for the purpose of...
[Emma Lewell in the Chair]
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
I beg to move amendment 268, in clause 58, page 67, line 34, leave out subsection (a) and insert— “(a) that, as at the date of the application, the financial position of the ceding...
Question proposed, That the clause stand part of the Bill.
With this it will be convenient to discuss clause 62 stand part.
Question proposed, That the clause stand part of the Bill.
Amendment made: 222, in clause 65, page 73, line 2, leave out “for market value consideration” and insert “— “(a) in the ordinary course of the investment of the...
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Amendments made: 223, in clause 82, page 84, line 9, leave out “if no response plan has been approved” and insert “if a person has failed to comply with section 80(1) or (3)(b)...
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
Question proposed, That the clause stand part of the Bill.
“(1) This section applies if the Financial Conduct Authority makes rules, in relation to persons regulated by it, that correspond to value for money regulations. (2) The Secretary of State...
‘(1) In this Chapter— “the appropriate authority” , in relation to the making of regulations, means— (a) where the only pension schemes to which the regulations...
“(1) This Chapter applies to a pension scheme managed by or on behalf of the Crown as it applies to other pension schemes. (2) Accordingly, references in this Chapter to a person in their...
“(1) The Financial Services and Markets Act 2000 is amended as follows. (2) In section 1A (the Financial Conduct Authority), in subsection (6), before paragraph (ca) insert—...
“(1) The appropriate authority may make regulations for the purpose of restricting the ability of the provider of a pension scheme to begin operating a non-scale default arrangement. (2)...
“(1) The appropriate authority may make regulations about the consolidation of non-scale default arrangements into approved main scale default arrangements. (2) The regulations may, in...
“(1) The Secretary of State and the Treasury (‘the reviewers’), acting jointly, must carry out a review of the non-scale default arrangements operated by providers of pension...
“(1) Part 1 of the Pensions Act 2008 (pension scheme membership for jobholders) is amended as follows. (2) After section 11 (information to be given to the Pensions Regulator) insert—...
“(1) Scheme regulations may make provision for the purpose of conferring any power or powers falling within subsection (2) or (4) on a specified scheme manager for a scheme for local...
“(1) The following provisions of this section have effect for the purposes of this section and sections ( (2) ‘GB scheme’ means an occupational pension scheme that was a...
“(1) This section applies to any potentially remediable alteration purportedly made to a scheme other than one to which section ( (2) If the conditions mentioned in subsection (3) are met...
“(1) This section applies to any potentially remediable alteration purportedly made to the rules of— (a) a scheme which has been wound up before this section comes into force, (b) a...
“(1) The Secretary of State may by regulations amend any of sections ( (2) In subsection (1) ‘specified’ means specified in the regulations; and a specified description of...
“(1) The provisions of this section have effect for the purposes of this section and sections ( (2) ‘NI scheme’ means an occupational pension scheme that was a salary-related...
“(1) This section applies to any potentially remediable alteration purportedly made to an NI scheme other than one to which section ( (2) If the conditions mentioned in subsection (3) are...
“(1) This section applies to any potentially remediable alteration purportedly made to the rules of— (a) a scheme which has been wound up before this section comes into force, (b) a...
“(1) A Northern Ireland Department may by regulations amend any of sections ( (2) In subsection (1) ‘specified’ means specified in the regulations; and a specified description...
“(1) The Secretary of State must by regulations establish a system to ensure that every individual has a right to receive free, impartial pension advice at prescribed times. (2) Regulations...
[Emma Lewell in the Chair]
“(1) The Secretary of State must by regulations establish a system to ensure that every individual has a right to receive free, impartial pension advice at prescribed times. (2) Regulations...
“(1) The Secretary of State must, within 12 months of the passing of this Act, publish a report on the impact of consolidation in the occupational pensions market. (2) The report must...
“(1) The Secretary of State must, within 12 months of the passing of this Act, publish a report on whether the fiduciary duties of trustees of occupational pension schemes should be amended...
“(1) The Secretary of State must commission an independent review into the impact and fairness of provisions within police pension schemes that result in the forfeiture, reduction, or...
“(1) The Secretary of State must, within three months of the passing of this Act, commission an independent review into the pension losses incurred by former employees of AEA Technology...
“(1) The Secretary of State must, within three months of the passing of this Act, commission an independent review into the application and impact of state deduction mechanisms in...
“(1) Section 22(3) of the Privacy and Electronic Communications (EC Directive) Regulations 2003 is deemed to apply to unsolicited electronic communications relating to pensions when the...
“(1) The Secretary of State must, within 12 months of the passing of this Act, publish a report on the impact on corporate productivity of defined benefit schemes. (2) The report must...
“(1) Within five years of the passing of this Act, the Secretary of State must carry out a review of the impact of the provisions of this Act on actual and projected retirement incomes. (2)...
“(1) The Secretary of State must establish a joint protocol outlining the roles and responsibilities of the Financial Conduct Authority and the Pensions Regulator regarding their regulatory...
“(1) The provisions in section 38 shall not come into force except in accordance with regulations made by the Secretary of State. (2) A statutory instrument containing regulations under...
“(1) The Pensions Act 2004 is amended as follows. (2) In section 116 (grants), leave out from ‘expenses’ to end of section. (3) Omit section 117 (administration levy). (4) In...
“(1) Within 3 months of the passing of this Act, the Secretary of State must by regulations make provision for the transfer of the British Coal Staff Superannuation Scheme investment...
“(1) The Pensions Act 1995 is amended as follows. (2) In section 29 (Persons disqualified for being trustees), after subsection (d) insert—
“(1) The Secretary of State shall, within 12 months of the passing of this Act, lay before Parliament a report into the operation of occupational pension schemes where certain categories of...
Question proposed, That the clause stand part of the Bill.
Amendment made: 241, in clause 100, page 98, leave out line 10 and insert— “( ) Subject as follows, this Act extends to England and Wales and Scotland only. (1A) Sections...
I beg to move amendment 255, in clause 101, page 98, line 22, leave out “Chapters 1 and 2” and insert “Chapter 1”.
Committee membership and attendance (out of 8)
Chairpersons
Members
[ Committee memberships can change partway through ]
