Amendments proposed to the Welfare Reform and Pensions Bill - continued | House of Commons |
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Mr Stephen Timms 121 Clause 20, page 17, line 12, at end insert'(11) In subsections (4)(b), (5)(c) and (6), the reference to the party who is the transferor is to the party to whose rights the provision relates.'.
Mr Iain Duncan Smith 172 Clause 22, page 18, line 11, at end insert'(1A) Such regulations shall ensure that all such calculations and verifications are based on the methodology currently accepted by the actuarial profession for the purpose of valuing pension assets and liabilities, and that no such calculation or verification shall include any amounts in respect of any pension benefits other than those which the rules of the relevant pension scheme at the relevant time oblige the trustees or managers of such a scheme to pay out to pensioners or their dependants.'.
Mr Iain Duncan Smith 173 Clause 24, page 20, leave out lines 6 to 11.
Mr Iain Duncan Smith 174 Clause 25, page 20, line 39, leave out 'may' and insert 'shall'.
Mr Iain Duncan Smith 175 Clause 27, page 21, line 40, leave out from 'and' to end of line 42 and insert 'any pension debit charged to a person's pension rights which would otherwise have been transferred to the person entitled to a pension credit shall be restored to the transferor.'.
Mr Iain Duncan Smith 176 Schedule 5, page 76, line 6, at end insert
Mr Ian Duncan Smith 147 Schedule 5, page 76, line 36, at end add'(2A) The trustees or managers of the scheme from which a pension credit to which this paragraph applies derives may discharge their liability in respect of the credit by paying the amount of the credit to the person responsible for a qualifying arrangement with a view to acquiring rights under that arrangement for the person entitled to the credit if
(2B) For the purposes of sub-paragraph (2), no account is to be taken of consent of the person entitled to the pension credit unless
Mr Iain Duncan Smith 177 Schedule 5, page 78, line 14, at end insert
Mr Iain Duncan Smith 178 Schedule 5, page 79, line 19, leave out 'as may be determined in accordance with regulations made by the Secretary of State.'.
Mr Iain Duncan Smith 179 Clause 28, page 23, leave out lines 26 to 30 and insert'68D. That part of the rights to future benefits of a member of an occupational, personal or other approved pension scheme which consists of safeguarded rights as defined in section 68A should not be subject to pension sharing within the meaning of Parts III and IV of the Welfare Reform and Pensions Act 1999.'.
Mr Ian Duncan Smith 146 Clause 33, page 32, line 37, at end insert
Mr Iain Duncan Smith 180 Clause 33, page 32, line 46, leave out 'is attributed to the transferor' and insert 'will be divided equally between the transferor and the transferee'.
Mr Iain Duncan Smith 181 Clause 33, page 33, line 13, at end add'(8) In the event of a dispute between either of the parties on the one side and a person or persons responsible for a pension arrangement on the other as to what is a reasonable or acceptable level of costs or charges including legal costs, the decision of the Pensions Ombudsman shall be final.'.
Mr Stephen Timms 122 Clause 34, page 33, line 26, at end insert'( ) Any provision of, or under, an Act which makes benefits under a pension scheme established under an Act a charge on, or payable out of
shall be treated as including any benefits under the scheme which are attributable (directly or indirectly) to a pension credit which derives from rights to benefits charged on, or payable out of, that fund.'.
Mr Stephen Timms 123 Clause 40, page 37, line 34, leave out subsection (6).
Mr David Rendel 102 Clause 44, page 39, line 39, leave out 'and' and insert 'or
Mr Iain Duncan Smith 109 Clause 44, page 39, line 40, after 'condition', insert 'that person or the deceased'.
Mr David Rendel 187 *Clause 44, page 40, line 8, after '(2)', insert 'Subject to subsection (4) below.
Mr David Rendel 188 *Clause 44, page 40, line 12, at end insert'(3) A bereavement payment shall also be payable to a man who before the appointed day
Mr Iain Duncan Smith 110 Clause 45, page 40, line 39, after first 'the', insert 'surviving spouse or the'.
Mr David Rendel 189 *Clause 45, page 41, line 27, after '(5)', insert 'Subject to subsection (6) below'.
Mr David Rendel 190 *Clause 45, page 41, line 35, at end insert'(6) A widowed parent's allowance shall be payable for a period falling after a man who satisfies the conditions set out in paragraph (b) of subsection (1) above
Mr David Rendel 191 *Clause 45, page 41, line 38, at end insert'(1A) This section also applies where a man, who was over the age of 45 but under pensionable age at his wife's death, before the appointed day
(1B) A man who satisifies the conditions set out in subsection (1A) above shall be entitled to a bereavement allowance.'.
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©Parliamentary copyright 1998 | Prepared 18 Mar 1999 |