 House of Commons |
Publications on the internet Index of Amendments |
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S.C.D.
Amendment Paper as at
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| "Coming into effect of pension sharing orders. | '40A No pension sharing order shall take effect until after the time allowed for appeal has expired.".' |
Mr Ian Duncan Smith
Mr Eric Pickles
Mr Quentin Davies
182
Schedule 4, page 72, line 36, at end insert—
- '(c) after the words "for the benefit of the other party" there is added "or a child of the family"'.
Mr Ian Duncan Smith
Mr Eric Pickles
Mr Quentin Davies
183
Schedule 4, page 73, leave out line 17 and insert—'(2) In subsection (1)—
- (a) for "scheme" is substituted "arrangement"
- (b) after the words "to the other party" is added "or to a child of the family"'.
Mr Ian Duncan Smith
Mr Eric Pickles
Mr Quentin Davies
184
Schedule 4, page 73, leave out lines 18 to 24 and insert—'(3) In subsection (2)—
- (a) in paragraph (a)
- (i) from the words from "trustees" to "have" there is substituted "person responsible for the pension arrangement in question has",
- (ii) for "them" there is substituted "him", and
- (iii) after the words "to the other party" there is added "or to a child of the family", and
- (b) in paragraph (b) after the words "to nominate the other party" there is added "or a child of the family", and
- (c) in paragraph (c)
- (i) for the words "trustees or managers of the pension scheme" there is substituted "person responsible for the pension arrangement", and
- (ii) after the words "for the benefit of the other party" there is added "or a child of the family".'.
Mr Ian Duncan Smith
Mr Eric Pickles
Mr Quentin Davies
168
Schedule 4, page 73, line 32, leave out 'in relation to the marriage'.
Mr Ian Duncan Smith
Mr Eric Pickles
Mr Quentin Davies
169
Schedule 4, page 73, line 33, leave out 'between the parties to the marriage'.
Mr Ian Duncan Smith
Mr Eric Pickles
Mr Quentin Davies
167
Schedule 4, page 75, line 22, at end insert—
- '(c) a stakeholder pension scheme,
- (d) a pension held in the form of units in a unit trust, or shares in an investment trust or in an open-ended investment company which is approved as a pension vehicle by the Inland Revenue.'.
Mr Iain Duncan Smith
Mr Eric Pickles
Mr Quentin Davies
170
Clause 19, page 14, line 32, leave out 'other than an excepted public service scheme.'.
Mr Iain Duncan Smith
Mr Eric Pickles
Mr Quentin Davies
171
Clause 19, page 14, leave out lines 38 to 41.
Mr Stephen Timms
116
Clause 20, page 16, line 9, leave out 'person to whose rights the provision relates' and insert 'party who is the transferor'.
Mr Stephen Timms
117
Clause 20, page 16, line 11, leave out 'it' and insert 'the provision'.
Mr Stephen Timms
118
Clause 20, page 16, line 25, leave out 'person to whose rights the provision relates' and insert 'party who is the transferor'.
Mr Stephen Timms
119
Clause 20, page 16, line 26, leave out 'it' and insert 'the provision'.
Mr Stephen Timms
120
Clause 20, page 16, line 28, leave out from '1985' to end of line 29 and insert 'which relates to benefits or future benefits to which the party who is the transferor is entitled under the pension arrangement to which the provision relates.'.
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
Mr Eric Pickles
Mr Quentin Davies
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
Mr Eric Pickles
Mr Quentin Davies
173
Clause 24, page 20, leave out lines 6 to 11.
Mr Iain Duncan Smith
Mr Eric Pickles
Mr Quentin Davies
174
Clause 25, page 20, line 39, leave out 'may' and insert 'shall'.
Mr Iain Duncan Smith
Mr Eric Pickles
Mr Quentin Davies
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
Mr Eric Pickles
Mr Quentin Davies
176
Schedule 5, page 76, line 6, at end insert—
- '(c) a stakeholder pension scheme;
- (d) a pension scheme held in the form of units in a unit trust, or shares in an investment trust or in an open-ended investment company which is approved as a pension vehicle by the Inland Revenue.'.
Mr Ian Duncan Smith
Mr Eric Pickles
Mr Quentin Davies
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—
- (a) the qualifying arrangement is not disqualified as a destination for the credit,
- (b) the person responsible for that arrangement is able and willing to accept payment in respect of the credit, and
- (c) payment is made with the consent of the person entitled to the credit, or in accordance with regulations made by the Secretary of State.
(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—
- (a) it is given after receipt of notice in writing of an offer to discharge liability in respect of the credit by making a payment under sub-paragraph (3), or
- (b) it is not withdrawn within 7 days of receipt of such notice.'.
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