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S.C.B.

Amendment Paper as at
Thursday 11th March 2004

STANDING COMMITTEE B


PENSIONS BILL

NOTE

The Amendments have been arranged in accordance with the Order of the Committee[9th March 2004].

   

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

137

Clause     20,     page     12,     line     14,     leave out 'interests' and insert 'rights'.

   

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

138

Clause     20,     page     12,     leave out lines 16 and 17.

   

Malcolm Wicks

19

Clause     20,     page     12,     line     17,     after 'section 104)' insert 'in relation to the scheme'.

   

Malcolm Wicks

20

Clause     20,     page     12,     line     30,     after 'behalf of' insert 'the employer,'.

   

Malcolm Wicks

21

Clause     20,     page     13,     line     3,     leave out 'they' and insert 'the amounts paid out from the scheme in respect of the transfers or transfer payments'.

   

Malcolm Wicks

22

Clause     20,     page     13,     line     4,     after 'and' insert 'the transfers or transfer payments'.

   

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

139

Clause     20,     page     13,     line     6,     leave out paragraph (g).

   

Malcolm Wicks

23

Clause     20,     page     13,     line     9,     leave out 'For the purposes of' and insert 'In'.

   

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

140

Clause     20,     page     13,     line     15,     leave out subsection (6).

   

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

141

Clause     20,     page     13,     line     34,     leave out paragraph (b).


   

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

142

Clause     21,     page     13,     line     42,     leave out subsection (2).

   

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

143

Clause     21,     page     14,     line     40,     leave out subsection (8).


   

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

144

Clause     22,     page     15,     line     4,     leave out subsection (3).

   

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

145

Clause     22,     page     15,     line     6,     leave out subsection (4).

   

Malcolm Wicks

24

Clause     22,     page     15,     line     7,     after 'sections' insert '[Effect of determination to wind up scheme on freezing order],'.


   

Malcolm Wicks

25

Clause     24,     page     15,     line     33,     at end insert—

    '( )   If the trustees or managers of a scheme fail to comply with a direction to them contained in an order under this section, section 10 of the 1995 Act (civil penalties) applies to any trustee or manager who has failed to take all reasonable steps to secure compliance.'.

   

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

146

Clause     24,     page     15,     line     34,     leave out subsection (4).

   

Malcolm Wicks

26

Clause     24,     page     15,     line     34,     leave out 'Section 10 of the 1995 Act (civil penalties) applies to a' and insert 'That section also applies to any other'.


   

Malcolm Wicks

27

Clause     26,     page     16,     line     15,     leave out paragraph (a).


   

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

147

Clause     27,     page     17,     line     20,     leave out 'as soon as reasonably practicable' and insert 'within 48 hours'.

   

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

148

Clause     27,     page     17,     line     33,     leave out subsection (5).

   

Malcolm Wicks

28

Clause     27,     page     17,     line     33,     leave out from 'If' to 'who' in line 35 and insert 'the trustees or managers of a scheme fail to comply with a direction to them contained in an order made under subsection (3), section 10 of the Pensions Act 1995 (c.26) (civil penalties) applies to any trustee or manager'.


   

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

149

Clause     28,     page     17,     line     40,     leave out 'any enactment or rule of law, or any'.


   

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

151

Clause     29,     page     18,     line     17,     at end insert 'forthwith.'.

   

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

152

Clause     29,     page     18,     line     20,     at end insert—

    '( )   Alternatively, any person prohibited under this section may apply to the high court for judicial review of the decision.'.

   

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

150

Clause     29,     page     18,     line     29,     leave out subsection (5).


   

Malcolm Wicks

29

Clause     30,     page     18,     line     40,     leave out paragraph (a) and insert—

      '(a) after subsection (1)(a) insert—

          "(aa) pending consideration being given to the institution of proceedings against him for an offence involving dishonesty or deception,",'.

   

Malcolm Wicks

30

Clause     30,     page     19,     line     4,     leave out sub-paragraph (i) and insert—

      '(i) in paragraph (a) after "paragraph (a)" insert "or (aa)",'.


   

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

185

Clause     31,     page     19,     line     40,     leave out—

      '(a) by the employer'.

   

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

186

Clause     31,     page     19,     line     42,     leave out—

      '(c) partly by the employer and partly out of those resources.'.


   

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

187

Page     20,     line     1,     leave out Clause 32.


   

Malcolm Wicks

31

Clause     33,     page     20,     line     13,     leave out 'for the purposes of Part 1 of the Pensions Act 1995'.

   

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

188

Clause     33,     page     20,     line     31,     leave out subsection (7).


   

Mr Harry Barnes

162

Clause     34,     page     21,     line     12,     leave out from sub-paragraph (iii).

   

Mr Harry Barnes

163

Clause     34,     page     21,     line     27,     leave out from '(c. 49)' to end of line 32.


   

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

189

Clause     36,     page     22,     line     34,     at end insert 'save that the register will be open to members of the public during normal working hours, but with the home addresses of individual scheme trustees deleted.'.


   

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

190

Clause     37,     page     23,     line     23,     leave out 'as soon as reasonably practicable' and insert 'within 28 days'.

   

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

191

Clause     37,     page     23,     line     31,     leave out 'as soon as reasonably practicable', and insert 'within 28 days'.


   

Malcolm Wicks

32

Clause     42,     page     25,     line     24,     leave out 'a' and insert 'an occupational trust'.

   

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

192

Clause     42,     page     27,     line     2,     at end insert—

    '(11)   Where it subsequently appears that a person's particulars are included in a particular list in error, that person should be entitled to claim compensation from the Regulator.'.



 
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Prepared 11 Mar 2004