Session 2013 - 14
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Other Bills before Parliament


 
 

15

 

House of Commons

 
 

Tuesday 2 July 2013

 

Public Bill Committee

 

New Amendments handed in are marked thus Parliamentary Star

 

Parliamentary Star - whiteAmendments which will comply with the required notice period at their next appearance

 

Pensions Bill


 

Note

 

The Amendments have been arranged in accordance with the Order of the

 

Committee [25 June].

 


 

Gregg McClymont

 

6

 

Clause  20,  page  10,  line  12,  at end add—

 

‘(5)    

A review of overseas residents’ up-rating entitlement shall be conducted on a

 

cross-departmental basis within six months of Royal Assent to this Act. It shall

 

consider in particular whether the savings attributable to non-entitlement could be

 

more effectively made in other areas of health and social care, and whether there

 

are potential economic benefits to uprating the pensions entitlements of overseas

 

residents in line with UK-resident pensioner’s entitlements. The review shall

 

report to the Secretary of State for Work and Pensions, and a copy of the report

 

shall be laid before Parliament.’.

 


 

Gregg McClymont

 

16

 

Parliamentary Star    

Clause  24,  page  11,  line  37,  at end insert ‘but may only do so with the consent of

 

the employee trustees.’.

 



 
 

Public Bill Committee: 2 July 2013                     

16

 

Pensions Bill, continued

 
 

Gregg McClymont

 

7

 

Clause  26,  page  13,  line  33,  leave out ‘person or’ and insert ‘panel of’.

 

Gregg McClymont

 

8

 

Clause  26,  page  13,  line  35,  at end insert—

 

‘(5A)    

The panel shall include—

 

(a)    

representatives of the party or parties in opposition at the time;

 

(b)    

representatives of trade unions; and

 

(c)    

representatives of the House of Lords cross-benches.

 

(5B)    

The panel shall take evidence by way of evidence sessions to be held in public. It

 

shall have power to determine its own terms of reference for evidence taking,

 

which may include matters such as disparities in lifespan and life expectancy

 

between sectors of the population.’.

 


 

Steve Webb

 

1

 

Clause  27,  page  14,  line  11,  after ‘dies,’ insert—

 

‘( )    

the person is ordinarily resident in Great Britain, or a specified territory,

 

when the spouse or civil partner dies,’.

 

Steve Webb

 

2

 

Clause  27,  page  14,  line  13,  leave out ‘Regulations are to’ and insert ‘The

 

Secretary of State must by regulations’.

 

Steve Webb

 

3

 

Clause  27,  page  14,  line  26,  at end insert—

 

‘“specified territory” means a territory specified in regulations made by the

 

Secretary of State.’.

 


 

Gregg McClymont

 

9

 

Clause  29,  page  15,  line  18,  at end insert ‘and which meets the quality

 

requirements set out by the Secretary of State in regulations.’.

 

Gregg McClymont

 

10

 

Clause  29,  page  15,  line  21,  at end insert ‘and to set out quality requirements in

 

relation to such accounts.’.

 



 
 

Public Bill Committee: 2 July 2013                     

17

 

Pensions Bill, continued

 
 

Gregg McClymont

 

11

 

Schedule  16,  page  88,  line  34,  leave out ‘may’ and insert ‘shall’.

 

Gregg McClymont

 

12

 

Schedule  16,  page  88,  line  38,  at end insert—

 

‘(c)    

other aspects relating to the quality and good standing of the scheme.’.

 

Gregg McClymont

 

13

 

Schedule  16,  page  90,  line  20,  at end insert—

 

‘(3A)    

The regulations must provide for quality req uirements in relation to governance,

 

administration and other relevant matters relating to the quality and good standing

 

of the merged account.’.

 


 

Gregg McClymont

 

14

 

Clause  34,  page  18,  line  16,  at end insert—

 

‘(5)    

Regulations under this section shall be made only for the purposes of resolving

 

inconsistencies and/or making technical adjustments and may not be made to

 

achieve substantive changes in policy. In particular, they shall not be made to

 

exempt entire classes of business or businesses, such as small and medium-sized

 

businesses, from automatic enrolment.

 

(6)    

Regulations under this section shall be laid before and approved by resolution of

 

both Houses of Parliament.’.

 


 

Steve Webb

 

4

 

Clause  36,  page  19,  line  21,  at end insert—

 

‘(i)    

’.

 

Steve Webb

 

5

 

Clause  36,  page  19,  line  22,  leave out from ‘scheme’ to ‘are’ in line 23 and insert

 

‘and

 

(ii)    

all the benefits accruing in respect of his or her

 

membership’.

 



 
 

Public Bill Committee: 2 July 2013                     

18

 

Pensions Bill, continued

 
 

Gregg McClymont

 

15

 

Clause  45,  page  23,  line  36,  after ‘section 3’, insert ‘17(5)’.

 


 

New Clauses

 

Review in relation to women born on or after 6 April 1951

 

Gregg McClymont

 

NC1

 

To move the following Clause:—

 

‘The Government shall conduct a review to determine whether all women born

 

on or after 6 April 1951 should be included within the scope of the new state

 

pension arrangements established by this Act. Such a review shall be conducted

 

within six months of Royal Assent of this Act and a report thereof laid before

 

Parliament.’.

 


 

Review of phasing the transition of a 35-year full pension requirement via an interim

 

requirement of 30 years

 

Gregg McClymont

 

NC2

 

To move the following Clause:—

 

‘The Government shall conduct a review to determine the costs and benefits of

 

phasing the transition to a 35-year full pension requirement via an interim

 

requirement of 30 years. Such a review shall be conducted within six months of

 

Royal Assent of this Act and a report thereof laid before Parliament.’.

 


 

Review on gradual transition from certain benefit arrangements based on age.

 

Gregg McClymont

 

NC3

 

To move the following Clause:—

 

‘(1)    

In relation to women without a national insurance contribution record who relied

 

on a husband’s national insurance contributions and would under existing

 

arrangements have accrued a benefit based on such spousal contributions, the

 

Government shall conduct a review to determine the costs and benefits of

 

permitting women within 15 years of state pension age as at 6 April 2016 to retain

 

their accrued rights. Such a review shall be conducted within six months of Royal

 

Assent of this Act and a report thereof laid before Parliament.


 
 

Public Bill Committee: 2 July 2013                     

19

 

Pensions Bill, continued

 
 

(2)    

The review shall also consider whether similar provision should be made in

 

relation to sections 9 and 10 of this Act.’.

 


 

National Employment Savings Trust transfers

 

Gregg McClymont

 

NC4

 

To move the following Clause:—

 

‘(1)    

In relation to NEST, the Government must by 31 December 2013 notify the

 

European Commission that it wishes to lift the ban on transfers and the

 

contribution cap.

 

(2)    

The Secretary of State must make a statement to Parliament within 14 days of the

 

Government notifying the European Commission in accordance with subsection

 

(1).’.

 


 

Fiduciary duty of independent trustees

 

Gregg McClymont

 

NC5

 

To move the following Clause:—

 

‘Any pension scheme which is not already overseen by independent trustees shall

 

be required from a date to be appointed by the Secretary of State to appoint a

 

board of independent trustees, the powers and duties of which shall be set out in

 

regulations to be laid before and approved by resolutions of both Houses of

 

Parliament. The board of independent trustees shall have fiduciary duty towards

 

members of the scheme overseen by them, which duty shall take precedence over

 

any duty to the shareholders in, or other owners of, the operators of the scheme.

 

In relation to any matters of member interest, decisions of the board of

 

independent trustees shall be binding on the board of directors or other analogous

 

management board of any undertaking operating a pension scheme.’.

 


 

Promotion of good value in scheme size

 

Gregg McClymont

 

NC6

 

To move the following Clause:—

 

‘The fiduciary duty of pension scheme trustees shall include a duty to consider

 

whether the scheme has sufficient scale to deliver good value for members.

 

Where trustees take the view that the scheme has insufficient scale, they must

 

consider whether merger with another scheme would be in the members’


 
 

Public Bill Committee: 2 July 2013                     

20

 

Pensions Bill, continued

 
 

interests. The Pensions Regulator shall have power to direct merger of pensions

 

schemes where it would be in the interests of the members of each of the relevant

 

schemes for merger to take place. The Pensions Regulator shall exercise this

 

power in accordance with a methodology on which it has publicly consulted and

 

which has been agreed with the Secretary of State. It shall keep this methodology

 

under regular review and revise it when necessary, subject to further consultation

 

and agreement from the Secretary of State.’.

 


 

Decumulation

 

Gregg McClymont

 

NC7

 

To move the following Clause:—

 

‘Any qualifying money purchase scheme must direct its savers to an independent

 

annuity brokerage service or offer such brokerage services itself. Pension

 

schemes shall ensure that any brokerage service selected or provided meets best

 

practice in terms of providing members with an assisted path through the annuity

 

process, ensuring access to most annuity providers, and minimising costs. The

 

standards meeting best practice on decumulation shall be defined by the Pensions

 

Regulator after public consultation, reviewed every three years, and updated, if

 

required, subsequent to such reviews.’.

 


 

Provision of survivor benefit equal for same sex couples

 

Caroline Lucas

 

NC8

 

Parliamentary Star    

To move the following Clause:—

 

‘(1)    

Paragraph 18 to Schedule 9 of the Equality Act 2010 (work: exceptions) is

 

amended as follows.

 

(2)    

Omit sub-paragraph (1).’.

 

 

Order of the House [17 June 2013]

 

That the following provisions shall apply to the Pensions Bill:

 

Committal

 

1.    

The Bill shall be committed to a Public Bill Committee.

 

Proceedings in Public Bill Committee

 

2.    

Proceedings in the Public Bill Committee shall (so far as not previously

 

concluded) be brought to a conclusion on Thursday 11 July 2013.

 

3.    

The Public Bill Committee shall have leave to sit twice on the first day on

 

which it meets.


 
 

Public Bill Committee: 2 July 2013                     

21

 

Pensions Bill, continued

 
 

Consideration and Third Reading

 

4.    

Proceedings on Consideration shall (so far as not previously concluded) be

 

brought to a conclusion one hour before the moment of interruption on the

 

day on which those proceedings are commenced.

 

5.    

Proceedings on Third Reading shall (so far as not previously concluded) be

 

brought to a conclusion at the moment of interruption on that day.

 

6.    

Standing Order No. 83B (Programming committees) shall not apply to

 

proceedings on Consideration and Third Reading.

 

Other proceedings

 

7.    

Any other proceedings on the Bill (including any proceedings on

 

consideration of Lords Amendments or on any further messages from the

 

Lords) may be programmed.

 

 

Order of the Committee [25 JUNE 2013]

 

That—

 

(1)  

the Committee shall (in addition to its first meeting at 9.25 am on Tuesday 25

 

June) meet—

 

(a)  

at 2.45 pm on Tuesday 25 June;

 

(b)  

at 11.30 am and 2.00 pm on Thursday 27 June;

 

(c)  

at 9.25 am and 2.00 pm on Tuesday 2 July;

 

(d)  

at 11.30 am and 2.00 pm on Thursday 4 July;

 

(e)  

at 9.25 am and 2.00 pm on Tuesday 9 July;

 

(f)  

at 11.30 am and 2.00 pm on Thursday 11 July;

 

(2)  

the Committee shall hear oral evidence in accordance with the following

 

Table:

 

      TABLE

 

Date

Time

Witness

 
 

Tuesday 25 June

Until no later

Age UK

 
  

than 10.15 am

  
 

Tuesday 25 June

Until no later

Trades Union Congress

 
  

than 11.00 am

  
 

Tuesday 25 June

Until no later

Cruse Bereavement Care;

 
  

than 11.25 am

Childhood Bereavement Network

 
 

Tuesday 25 June

Until no later

National Association of Pension

 
  

than 3.15 pm

Funds; Association of British

 
   

Insurers

 
 

Tuesday 25 June

Until no later

The Pensions Regulator

 
  

than 3.45 pm

  
 

Tuesday 25 June

Until no later

Dr Ros Altmann; Dr Hari Mann

 
  

than 4.45 pm

  
 

Thursday 27 June

Until no later

Pensions Policy Institute;

 
  

than 12.30 pm

Confederation of British Industry;

 
   

Which?

 
 

Thursday 27 June

Until no later

The 700,000 Group

 
  

than 1.00 pm

  
 

Thursday 27 June

Until no later

Union Pension Services Limited;

 
  

than 2.45 pm

Pensions Institute

 
 

Thursday 27 June

Until no later

Baroness Hollis of Heigham

 
  

than 3.15 pm

  
 

Thursday 27 June

Until no later

Department for Work and Pensions

 
  

than 4.00 pm

  

 
contents continue
 

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Revised 2 July 2013