Amendments proposed to the Pensions Bill - continued House of Commons

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Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Steve Webb
Paul Holmes

John RobertsonMr Bill Tynan

216

Clause     137,     page     84,     line     21,     leave out paragraph (a).

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

359

Clause     137,     page     84,     line     32,     at end insert 'save that this levy shall not exceed the equivalent of £5 per member.'.

   

Kevin Brennan
Sandra Osborne
Adam Price

277

Clause     137,     page     85,     line     11,     at end insert—

    '(11)   Regulations must make provision that the pension protection levy is not to be used for payments under section 135(3) in so far as they relate to schemes which are being wound up or which have already been wound up on the date prescribed for the purposes of section 98(2).'.


   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson

222

Clause     138,     page     85,     line     13,     after 'consult', insert 'and give due consideration to'.

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson

221

Clause     138,     page     85,     line     26,     at end insert—

    '(3)   The Secretary of State must approve any determination by the Board under section 137(5) in respect of a financial year.'.


   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Steve Webb
Paul Holmes

219

Clause     139,     page     85,     line     30,     at end insert—

    '(1A)   The Board can raise no more than half the total levy to be raised in later years until the risk-based factors are fully incorporated.'.

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

361

Clause     139,     page     85,     line     34,     leave out 'may' and insert 'must'.

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

360

Clause     139,     page     85,     line     36,     leave out '50%' and insert '75%'.


   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

362

Clause     140,     page     86,     line     24,     at end insert 'save that in the first year, the levy ceiling will be no higher than £600 million'.

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

158

Clause     140,     page     86,     line     25,     leave out subsection (2).


   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

159

Clause     142,     page     88,     line     9,     leave out subsection (2).

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson

218

Clause     142,     page     88,     line     11,     leave out from 'means' to '(within' in line 12 and insert 'a period of time no longer than two years after the initial period begins.'.


   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

279

Clause     143,     page     88,     line     21,     at end insert—

    '( )   The trustees or managers of the scheme may charge a sum at least equivalent to the non-risked based amount of the levy to all scheme members.'.

   

Malcolm Wicks

390

Clause     143,     page     88,     line     28,     leave out 'the Board's' and insert ', on the Board's behalf, its'.


   

Malcolm Wicks

391

Clause     144,     page     90,     line     23,     leave out from 'apply' to end of line 28 and insert—

    '(8A)   For the purposes of this section, an insolvency event ("the current event") in relation to the employer is a qualifying insolvency event if—

      (a) it occurs on or after the day appointed under section 98(2),

      (b) either—

      (i) it is the first insolvency event to occur in relation to the employer on or after that day, or

      (ii) since the date of the last insolvency event which occurred before the current event (but not before that day) a cessation event has occurred in relation to the scheme, and

      (c) it does not occur in such circumstances as may be prescribed.'.


   

Malcolm Wicks

392

Clause     150,     page     94,     line     9,     leave out 'and'.

   

Malcolm Wicks

393

Clause     150,     page     94,     line     10,     at end insert ', and

      ( ) any income or capital gain credited under subsection (2).'.


   

Malcolm Wicks

394

Clause     152,     page     95,     line     14,     leave out from 'provide' to 'information' in line 15 and insert '—

      (a) to the Board, or

      (b) to a person—

      (i) with whom the Board has made arrangements under paragraph 17A of Schedule 5, and

      (ii) who is authorised by the Board for the purposes of the regulations,'.

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley

412

Clause     152,     page     95,     line     16,     at end insert 'and in so far as the information is relevant to the discharge of its function.'.

   

Malcolm Wicks

395

Clause     152,     page     95,     line     20,     at end insert—

    '( )   Regulations made by virtue of paragraph (b) of that subsection must make provision regarding the manner in which the persons required to provide information are to be notified of the identity of the person authorised as mentioned in sub-paragraph (ii) of that paragraph.'.


   

Malcolm Wicks

396

Clause     155,     page     97,     line     31,     leave out from 'required' to 'is' and insert 'to produce under section 153 or 154'.


   

Mr Harry Barnes

168

Clause     156,     page     98,     line     2,     leave out 'or any corresponding provision in force in Northern Ireland'.

   

Mr Harry Barnes

169

Clause     156,     page     98,     line     18,     leave out 'or any corresponding provision in force in Northern Ireland'.


   

Malcolm Wicks

397

Clause     159,     page     100,     line     17,     leave out 'other than the Board' and insert 'authorised under subsection (2)(b) of that section'.


   

Malcolm Wicks

68

Clause     163,     page     101,     leave out lines 20 and 21 and insert—

      '(a)  by or on behalf of—

      (i) the Board, or

      (ii) any public authority (within the meaning of section 6 of the Human Rights Act 1998 (c.42)) which receives the information directly or indirectly from the Board,

      for any of the purposes specified in section 17(2)(a) to (d) of the Anti-terrorism, Crime and Security Act 2001 (c.24) (criminal proceedings and investigations),'.

   

Malcolm Wicks

69

Clause     163,     page     101,     line     22,     leave out 'other'.

   

Malcolm Wicks

70

Clause     163,     page     102,     line     32,     at end insert—

    '( )   Section 18 of the Anti-terrorism, Crime and Security Act 2001 (c.24) (restriction on disclosure of information for overseas purposes) has effect in relation to a disclosure authorised by subsection (2) as it has effect in relation to a disclosure authorised by any of the provisions to which section 17 of that Act applies.'.


   

Malcolm Wicks

71

Clause     164,     page     102,     line     41,     after '(2)' insert 'above or section 19 of the Anti-terrorism, Crime and Security Act 2001 (c.24) (disclosure of information held by revenue departments)'.


   

Malcolm Wicks

491

*Page     104,     line     33,     leave out Clause 167.


   

Mr Harry Barnes

170

Clause     170,     page     108,     line     15,     leave out 'and any corresponding provisions in force in Northern Ireland'.


   

Mr Harry Barnes

171

Clause     233,     page     156,     line     35,     leave out paragraph (e).


   

Steve Webb
Paul Holmes

404

Clause     241,     page     160,     line     40,     at end add—

       ' "organisations representing pensioner members of a scheme" means any not for profit association, or company limited by guarantee, funded by its members, representing a minimum number or percentage of pensioner members of the scheme as may be specified in regulations.'.


   

Malcolm Wicks

90

Schedule     11,     page     229,     line     6,     at end insert—

     In section 53 (supervision: former contracted-out schemes), after subsection (1B) insert—

          "(1C)   But where a direction under subsection (1) conflicts with a freezing order made by the Regulatory Authority under section 20 of the Pensions Act 2004 in relation to the scheme then, during the period for which the freezing order has effect, the direction to the extent that it conflicts with the freezing order—

          (a) is not binding as described in subsection (1), and

          (b) is not enforceable as described in subsection (1B)."'.

 
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Prepared 25 Mar 2004