S.C.B.
NOTICES OF AMENDMENTS
given up to and including
Friday 5th March 2004
New Amendments handed in are marked thus *
STANDING COMMITTEE B
PENSIONS BILL
NOTE
The Amendments have been arranged in accordance with the Order to be proposed by Mr Malcolm Wicks.
Mr Malcolm Wicks
To move, That the Bill be considered in the following order: Clauses 1 to 3, Schedule 1, Clauses 4 to 11, Schedule 2, Clauses 12 to 60, Schedule 3, Clauses 61 to 76, Schedule 4, Clauses 77 to 80, Clauses 220 and 221, Schedule 10, Clauses 222 and 223, Clauses 191 to 193, Schedule 9, Clauses 194 and 195, Clauses 81 to 83, Schedule 5, Clauses 84 to 123, Schedule 6, Clause 124, Schedule 7, Clauses 125 to 162, Schedule 8, Clauses 163 to 190, Clauses 196 to 219, Clauses 224 to 242, Schedule 11, Clause 243, Schedule 12, Clauses 244 to 248, new Clauses and new Schedules.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
104
Clause 2, page 1, line 11, leave out from 'the' to end of line 12 and insert 'chairman and approved by the Secretary of State.'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
105
Clause 2, page 1, line 15, leave out subsection (3).
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
106
Clause 2, page 2, line 9, at end add—
'(7) at least one of the non-executive members of the Regulator shall be a representative of an occupational pension scheme subject to the pension protection levies under this Act.'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
107
Schedule 1, page 164, line 24, leave out paragraph 3.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
108
Schedule 1, page 164, line 32, leave out 'Secretary of State' and insert 'Regulator'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
109
Schedule 1, page 165, line 1, leave out 'Secretary of State' and insert 'Regulator'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
110
Schedule 1, page 165, line 4, leave out paragraph 6.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
111
Schedule 1, page 165, line 18, leave out subsubparagraph (c).
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
113
Schedule 1, page 166, line 2, leave out 'with the approval of the Secretary of State'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
112
Schedule 1, page 166, line 5, leave out paragraph 10.
Mr Malcolm Wicks
72
Schedule 1, page 166, line 22, leave out sub-paragraph (4).
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
114
Schedule 1, page 167, line 6, leave out 'Secretary of State' and insert 'Regulator'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
115
Schedule 1, page 167, line 10, leave out 'Secretary of State' and insert 'Regulator'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
116
Schedule 1, page 167, line 12, leave out 'Secretary of State' and insert 'Regulator'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
117
Schedule 1, page 167, line 18, leave out 'Secretary of State' and insert 'Regulator'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
118
Schedule 1, page 167, line 21, leave out 'Secretary of State' and insert 'Regulator'.
Mr Harry Barnes
172
*Schedule 1, page 168, line 14, leave out 'and any corresponding provisions in force in Northern Ireland'.
Mr Harry Barnes
173
*Schedule 1, page 168, line 34, leave out from 'function' to 'or' in line 36.
Mr Malcolm Wicks
73
Schedule 1, page 169, line 3, leave out 'such of the Regulator's' and insert ', on behalf of the Regulator, such of its'.
Mr Harry Barnes
174
*Schedule 1, page 169, line 17, leave out 'or any corresponding provision in force in Northern Ireland'.
Mr Harry Barnes
175
*Schedule 1, page 169, line 20, leave out 'or any corresponding provision in force in Northern Ireland'.
Mr Malcolm Wicks
74
Schedule 1, page 169, line 35, after 'power' insert 'by direction'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
119
Schedule 1, page 171, line 4, at end insert—
'(4) Before setting any fees the Regulator will consult with the pensions industry on the proposed level of such fees.'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
120
Schedule 1, page 171, line 30, leave out 'with the approval of the Treasury'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
121
Schedule 1, page 172, line 25, leave out paragraph 30.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
122
Schedule 1, page 173, line 27, leave out subparagraph (1).
Mr Harry Barnes
176
*Schedule 1, page 173, line 38, leave out from 'Act' to end of line 39.
Mr Harry Barnes
177
*Schedule 1, page 174, line 1, leave out 'or any corresponding provision in force in Northern Ireland'.
Mr Harry Barnes
178
*Schedule 1, page 174, line 4, leave out 'or any corresponding provision in force in Northern Ireland'.
Mr Harry Barnes
160
*Clause 4, page 2, line 21, leave out from 'Act' to 'and' in line 22.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
153
Clause 5, page 3, line 8, at end insert—
'(e) to promote occupational pension provision by minimising regulatory burdens applying to well run schemes and their sponsoring employers.'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
154
Clause 5, page 3, line 8, at end insert—
'(f) in conjunction with the Pension Protection Fund Board to take all reasonable steps to maintain the cost of the levy on occupational pension schemes to the minimum compatible with the Regulator's other duties under this Act.'.
Mr Malcolm Wicks
9
Clause 5, page 3, line 15, leave out from 'which' to end of line 19 and insert 'is or has been registered under section 2 of the Welfare Reform and Pensions Act 1999 (c.30) (register of stakeholder schemes);'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
123
Page 3, line 26, leave out Clause 6.
Mr Malcolm Wicks
10
Clause 7, page 4, line 1, leave out '8' and insert '8(1)'.
Mr Harry Barnes
161
*Clause 9, page 4, line 36, leave out from 'or in any corresponding provision in force in Northern Ireland'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Mr David Ruffley
124
Clause 9, page 5, line 2, at end insert—
| '(g) | the duty to monitor the costs of enforcement of this Act upon occupational pension schemes and their sponsoring employers.'. |
