Session 2014 - 15
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Other Bills before Parliament


 
 

19

 

House of Commons

 
 

Thursday 30 October 2014

 

Public Bill Committee Proceedings

 

Pension Schemes Bill


 

[SevenTH AND EighTH sittings]


 

Clause 19

 

Agreed to

 

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

 

Steve Webb

 

Agreed to  43

 

Clause  20,  page  9,  line  32,  leave out “is equal to or higher than a level of

 

probability” and insert “falls within a range”

 

Clause, as amended, Agreed to.

 

Clause 21 Agreed to.

 

Steve Webb

 

Agreed to  44

 

Clause  22,  page  10,  line  28,  leave out “The regulations” and insert “Regulations

 

under subsection (1)”

 

Clause, as amended, Agreed to.

 

Clause 23 Agreed to.

 

Steve Webb

 

Not selected  45

 

Page  11,  line  6,  leave out Clause 24

 

Clause Disagreed to.


 
 

:                                             

20

 

, continued

 
 

Clause 25 Agreed to.

 

Steve Webb

 

Agreed to  46

 

Clause  26,  page  11,  line  37,  leave out “is equal to or higher or lower than the

 

required probability” and insert “falls within the required range or is above or below it”

 

Clause, as amended, Agreed to.

 

Steve Webb

 

Agreed to  47

 

Clause  27,  page  12,  line  5,  leave out “The regulations” and insert “Regulations

 

under subsection (1)”

 

Steve Webb

 

Agreed to  48

 

Clause  27,  page  12,  line  9,  at end insert—

 

“( )    

Regulations may—

 

(a)    

make provision about the assets to be taken into account for the purposes

 

of a valuation report;

 

(b)    

require the value attributed to the assets to be reduced by the amount of

 

any liabilities in respect of administrative expenses or other specified

 

matters.”

 

Steve Webb

 

Agreed to  49

 

Clause  27,  page  12,  line  10,  leave out “The regulations” and insert “Regulations”

 

Steve Webb

 

Agreed to  50

 

Clause  27,  page  12,  line  11,  leave out “methods or assumptions determined in

 

accordance with the regulations” and insert “specified requirements imposed by

 

regulations under this section”

 

Clause, as amended, Agreed to.

 

Steve Webb

 

Agreed to  51

 

Clause  28,  page  12,  line  26,  leave out “lower than the required probability” and

 

insert “below the required range”


 
 

:                                             

21

 

, continued

 
 

Steve Webb

 

Agreed to  52

 

Clause  28,  page  12,  line  29,  leave out “higher than the required probability” and

 

insert “above the required range”

 

Clause, as amended, Agreed to.

 

Clauses 29 to 31 Agreed to.

 

Steve Webb

 

Agreed to  18

 

Clause  32,  page  14,  line  4,  leave out “the scheme” and insert “an”

 

Steve Webb

 

Agreed to  19

 

Clause  32,  page  14,  line  5,  at end insert—

 

“( )    

The regulations may, in particular, require the trustees or managers to obtain the

 

advice from an actuary who has specified qualifications or meets other specified

 

requirements.”

 

Steve Webb

 

Agreed to  20

 

Clause  32,  page  14,  line  7,  leave out “the scheme” and insert “an”

 

Steve Webb

 

Agreed to  21

 

Clause  32,  page  14,  line  8,  leave out “those matters” and insert “matters in

 

accordance with the regulations”

 

Steve Webb

 

Agreed to  22

 

Clause  32,  page  14,  line  9,  leave out “the scheme” and insert “an”

 

Steve Webb

 

Agreed to  23

 

Clause  32,  page  14,  line  10,  leave out “those matters” and insert “matters in

 

accordance with the regulations”

 

Steve Webb

 

Agreed to  24

 

Clause  32,  page  14,  line  11,  leave out subsection (3)

 

Clause, as amended, Agreed to.

 

Clauses 33 to 34 Agreed to.


 
 

:                                             

22

 

, continued

 
 

Steve Webb

 

Agreed to  25

 

Clause  35,  page  14,  line  21,  leave out paragraph (a)

 

Clause, as amended, Agreed to.

 

Steve Webb

 

Agreed to  53

 

Clause  36,  page  14,  line  36,  leave out “probability” means the level of probability”

 

and insert “range”, in relation to a level of probability, means the range”

 

Steve Webb

 

Agreed to  26

 

Clause  36,  page  14,  line  38,  at end insert—

 

““trustees or managers” means—

 

(a)    

in relation to a scheme established under a trust, the trustees, and

 

(b)    

in relation to any other scheme, the managers;”

 

Clause, as amended, Agreed to.

 

Steve Webb

 

Not selected  27

 

Page  15,  line  5,  leave out Clause 37

 

Clause Disagreed to.

 

Steve Webb

 

Not selected  40

 

Page  32,  line  30,  leave out Schedule 4

 

Schedule Disagreed to.

 

Clauses 38 to 40 Agreed to.

 

Steve Webb

 

Agreed to  1

 

Clause  41,  page  16,  line  15,  leave out “or repeal” and insert “, repeal or otherwise

 

modify”


 
 

:                                             

23

 

, continued

 
 

Steve Webb

 

Agreed to  54

 

Clause  41,  page  16,  line  20,  at end insert—

 

“( )    

Subsection (4) does not apply to a statutory instrument containing regulations

 

under section 44(2) or (4) only.”

 

Clause, as amended, Agreed to.

 

Clause 42 Agreed to.

 

Steve Webb

 

Agreed to  2

 

Clause  43,  page  17,  line  5,  at end insert—

 

“( )    

Section (Extension to Scotland of certain provisions about the marriage of same

 

sex couples) extends to Scotland only.”

 

Clause, as amended, Agreed to.

 

Steve Webb

 

Agreed to  3

 

Clause  44,  page  17,  line  9,  at end insert—

 

“( )    

Sections (Judicial pensions: pension sharing on divorce etc) and (Pension

 

scheme for fee-paid judges) and Schedule (Amendments to do with section

 

(Pension scheme for fee-paid judges)) come into force on the day on which this

 

Act is passed.”

 

Steve Webb

 

Agreed to  28

 

Clause  44,  page  17,  line  9,  at end insert—

 

“( )    

Section (Pension sharing and normal benefit age) comes into force on 1 April

 

2015.”

 

[Adjourned until Tuesday 4 November at 9.25 am


 
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