|
|
| |
| |
|
| | |
| Secretary Iain Duncan Smith |
|
| | |
| To move the following Clause:— |
|
| | ‘(1) | The Secretary of State may by regulations make transitional provision in relation |
|
| | to the coming into force of the amendments in section [Definition of money |
|
| | |
| | (2) | That provision includes in particular— |
|
| | (a) | provision disapplying the amendments in section [Definition of money |
|
| | purchase benefits] in relation to an occupational or personal pension |
|
| | scheme which is wound up before the coming into force of that section; |
|
| | (b) | provision disapplying the amendments in section [Definition of money |
|
| | purchase benefits] to any extent, or as regards any period, in respect of |
|
| | an occupational or personal pension scheme in relation to which those |
|
| | amendments would otherwise have applied on the coming into force of |
|
| | |
| | (c) | provision modifying the application of an enactment in respect of an |
|
| | occupational or personal pension scheme in relation to which the |
|
| | amendments in section [Definition of money purchase benefits] apply on |
|
| | the coming into force of that section; |
|
| | (d) | provision requiring trustees or managers of an occupational pension |
|
| | scheme in relation to which the amendments in section [Definition of |
|
| | money purchase benefits] apply on the coming into force of that section |
|
| | to obtain an actuarial valuation of a description specified in the |
|
| | |
| | (3) | In subsection (2) “occupational pension scheme” and “personal pension scheme” |
|
| | have the meanings given by section 1 of the Pension Schemes Act 1993.’ |
|
| |
| | Consequential and supplementary |
|
| Secretary Iain Duncan Smith |
|
| | |
| To move the following Clause:— |
|
| | ‘(1) | The Secretary of State may by regulations make consequential or supplementary |
|
| | provision in relation to the amendments made by section [Definition of money |
|
| | |
| | (2) | In section 307 of the Pensions Act 2004 (modification of Act) in subsection (2) |
|
| | after paragraph (b) insert— |
|
| | “(ba) | Part 3 (scheme funding),”.’ |
|
| |
|
|
| |
| |
|
| | Power to make further provision |
|
| Secretary Iain Duncan Smith |
|
| | |
| To move the following Clause:— |
|
| | ‘(1) | The Secretary of State may by regulations amend for any purpose the definition |
|
| | of “money purchase benefit” in the Pension Schemes Act 1993, the Pensions Act |
|
| | 2008 or Schedule 10A to the Building Societies Act 1986. |
|
| | (2) | Regulations under subsection (1) may in particular amend the provisions inserted |
|
| | by section [Definition of money purchase benefits] above). |
|
| | (3) | Regulations under this section may include transitional, consequential or |
|
| | supplementary provision.’ |
|
| |
| | |
| Secretary Iain Duncan Smith |
|
| | |
| To move the following Clause:— |
|
| | ‘(1) | Regulations under this Part may— |
|
| | (a) | make different provision for different cases (including different |
|
| | provision for pension schemes of different descriptions); |
|
| | (b) | provide for a person to exercise a discretion in dealing with any matter; |
|
| | (c) | amend Acts (as well as other enactments); |
|
| | (d) | have retrospective effect. |
|
| | (2) | Regulations under this Part must be made by statutory instrument. |
|
| | (3) | A statutory instrument containing regulations under this Part which amend an Act |
|
| | may not be made unless a draft of the instrument has been laid before, and |
|
| | approved by resolution of, each House of Parliament. |
|
| | (4) | A statutory instrument containing any other regulations under this Part is subject |
|
| | to annulment in pursuance of a resolution of either House of Parliament.’ |
|
| |
|
|
| |
| |
|
| |
| | Uprating of the state pensions |
|
| |
| | |
| To move the following Clause:— |
|
| | ‘Section 150 of the Social Security Administration Act 1992 is amended as |
|
| | |
| | After subsection (2)(a), insert— |
|
| | “(aa) | that the general level of prices assessed by the Secretary of State |
|
| | shall include both the Retail Prices Index and the Consumer |
|
| | Prices Index, and the higher of the two indices must be used to |
|
| | calculate the annual uprating of the state pensions; and”.’. |
|
| |
| Secretary Iain Duncan Smith |
|
| | |
| Page 22, line 1 [Clause 32], at end insert— |
|
| | ‘( ) | sections [Transitional] to [Regulations];’. |
|
| | Bill read the third time on division and passed with amendments. |
|
| |
|