House of Commons Public Bill Committee Proceedings

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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