Amendments proposed to the Pensions Bill - continued	House of Commons
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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'.

   

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'.

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Mr Harry Barnes

160

Clause     4,     page     2,     line     21,     leave out from 'Act' to 'and' in line 22.

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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.'.

   

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);'.

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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.

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Malcolm Wicks

10

Clause     7,     page     4,     line     1,     leave out '8' and insert '8(1)'.

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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.'.

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

Andrew Rosindell

182

*Clause     10,     page     5,     line     24,     at end add ', and such nominee must be chosen in accordance with the Combined Code requirement as a result of a formal, rigorous and transparent procedure.'.

   

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

Andrew Rosindell

183

*Clause     10,     page     5,     line     39,     at end add—

    '(8)   Any person appointed as chairman or a member of the Determinations Panel shall have relevant actuarial, legal, investment or operational experience.'.

   

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

125

Page     5,     line     17,     leave out Clause 10.

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

126

Clause     11,     page     6,     line     15,     leave out subsection (5).

   

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

127

Clause     11,     page     6,     line     39,     leave out subsection (7).

   

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

128

Clause     11,     page     6,     line     41,     leave out subsection (8).

   

Malcolm Wicks

11

Clause     11,     page     6,     line     45,     at beginning insert 'any of'.

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Malcolm Wicks

75

Schedule     2,     page     174,     line     16,     after 'power' insert 'by direction'.

   

Malcolm Wicks

76

Schedule     2,     page     174,     line     18,     after 'power' insert 'by direction'.

   

Malcolm Wicks

77

Schedule     2,     page     174,     line     24,     leave out '3' and insert '3(1)'.

   

Malcolm Wicks

78

Schedule     2,     page     174,     line     27,     leave out '4' and insert '4(1)'.

   

Malcolm Wicks

79

Schedule     2,     page     174,     line     27,     at end insert—

'

The power to make an order under section 4(2) extending the period for which an order under section 4(1) of that Act has effect.'.

   

Malcolm Wicks

80

Schedule     2,     page     174,     line     28,     leave out 'such an order' and insert 'an order under section 4(1) of that Act suspending a trustee'.

   

Malcolm Wicks

81

Schedule     2,     page     174,     line     33,     at end insert—

'

The power under section 9 to exercise by order the same jurisdiction and powers as the High Court or the Court of Session for vesting property in, or transferring property to, trustees in consequence of the appointment or removal of a trustee.'.

   

Malcolm Wicks

83

Schedule     2,     page     175,     line     2,     at end insert—

'

The power under section 30(2) to exercise by order the same jurisdiction and powers as the High Court or the Court of Session for vesting property in, or transferring property to, the trustees where a trustee becomes disqualified under section 29 of that Act'.

   

Malcolm Wicks

82

Schedule     2,     page     175,     line     9,     after 'power', insert 'by direction'.

   

Malcolm Wicks

84

Schedule     2,     page     175,     line     23,     at end insert—

'

The power under section [Reports by skilled persons] to issue a notice requiring a report to be provided to the Regulator.'.

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

129

Clause     12,     page     7,     line     4,     leave out 'to Secretary of State'.

   

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

130

Clause     12,     page     7,     line     14,     at end insert 'and arrange a debate in government time on the said report.'.

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Malcolm Wicks

12

Clause     14,     page     8,     line     23,     leave out 'in respect of ' and insert 'to'.

   

Malcolm Wicks

13

Clause     14,     page     8,     line     24,     leave out 'given' and insert 'issued'.

   

Malcolm Wicks

14

Clause     14,     page     8,     line     29,     leave out 'in respect of' and insert 'to'.

   

Malcolm Wicks

15

Clause     14,     page     8,     line     40,     after 'Part 1' insert 'or section 33'.

   

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

131

Clause     14,     page     8,     line     42,     leave out subsection (8).

Prepared 9 Mar 2004