Amendments proposed to the Pensions Bill - continued House of Commons

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Mr Malcolm Wicks

198

Clause     70,     page     44,     line     39,     leave out 'was' and insert 'is'.

   

Malcolm Wicks

47

Clause     70,     page     45,     line     6,     leave out '3' and insert '3(1)'.

   

Malcolm Wicks

48

Clause     70,     page     45,     line     10,     leave out '4' and insert '4(1)'.

   

Malcolm Wicks

49

Clause     70,     page     45,     line     11,     at end insert—

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

   

Malcolm Wicks

50

Clause     70,     page     45,     line     12,     leave out 'such an order' and insert 'an order under section 4(1) of that Act suspending a trustee'.

   

Malcolm Wicks

51

Clause     70,     page     45,     line     15,     at end insert—

      '( ) the power under section 9 of that Act 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

52

Clause     70,     page     45,     line     17,     at end insert—

      '( ) the power under section 30(2) of that Act 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

53

Clause     70,     page     45,     line     20,     after 'power', insert 'by direction'.

   

Malcolm Wicks

54

Clause     70,     page     45,     line     23,     after 'power', insert 'by direction'.

   

Malcolm Wicks

55

Clause     70,     page     45,     line     28,     leave out '(a) to (c), (e) and (g) to (l)' and insert '(a) to (l) other than those mentioned in paragraph (d) or (f)'.


   

Mr Malcolm Wicks

199

Clause     71,     page     45,     line     32,     leave out 'and'.

   

Mr Malcolm Wicks

200

Clause     71,     page     45,     line     33,     at end insert ', and

      ( ) a case falling within subsection (3A)'.

   

Mr Malcolm Wicks

201

Clause     71,     page     46,     line     15,     at end insert—

    '(3A)   A case falls within this subsection if the Regulator—

      (a) gives a warning notice as described in section 70(2)(a) in relation to a determination whether to exercise a regulatory function which—

      (i) is listed in subsection (4), and

      (ii) is not a function listed in section 70(5) (functions which may be exercised immediately under the standard procedure),

      (b) considers the representations of those persons to whom the warning notice is given, and

      (c) determines to exercise the function immediately on the basis that it is necessary to do so because there is, or the Regulator considers it likely that if the function were not exercised immediately there would be, an immediate risk to—

      (i) the interests of members under an occupational or personal pension scheme, or

      (ii) the assets of such a scheme.'.

   

Mr Malcolm Wicks

202

Clause     71,     page     46,     line     16,     leave out 'and (3)' and insert ', (3) and (3A)'.

   

Malcolm Wicks

56

Clause     71,     page     46,     line     30,     leave out '3' and insert '3(1)'.

   

Malcolm Wicks

57

Clause     71,     page     46,     line     34,     leave out '4' and insert '4(1)'.

   

Malcolm Wicks

58

Clause     71,     page     46,     line     39,     at end insert—

      '( ) the power under section 9 of that Act 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

59

Clause     71,     page     46,     line     43,     at end insert—

      '( ) the power under section 30(2) of that Act 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

60

Clause     71,     page     46,     line     45,     leave out ', notice or direction made, issued' and insert 'or notice made'.

   

Malcolm Wicks

61

Clause     71,     page     46,     line     47,     leave out '(a) to (h), (j), or (l) to (o)' and insert '(a) to (o) other than those mentioned in paragraph (i) or (k)'.


   

Mr Malcolm Wicks

203

Clause     73,     page     48,     line     14,     at end insert—

    '(7A)   Where that determination is a determination to exercise a different regulatory function to the function which was the subject-matter of the determination notice, the Regulator must not exercise the regulatory function—

      (a) during the period within which the determination may be referred to the Tribunal (see section 77(1)), and

      (b) if the determination is so referred, until the reference, and any appeal against the Tribunal's determination, has been finally disposed of.

    (7B)   Subsection (7A) does not apply where—

      (a) the regulatory function in question is a function listed in section 70(5) (functions which may be exercised immediately under the standard procedure), or

      (b) the regulatory function in question is a function listed in section 71(4) (functions which may be exercised immediately under the special procedure) and the Regulator determines to exercise it immediately on the basis described in subsection (6).'.


   

Malcolm Wicks

62

Clause     75,     page     48,     line     44,     leave out 'or'.

   

Malcolm Wicks

63

Clause     75,     page     49,     line     2,     at end insert ', or

      ( ) a direction under section 2(3) of the Welfare Reform and Pensions Act 1999 (c.30) refusing to register a scheme under section 2 of that Act or removing a scheme from the register of stakeholder pension schemes.'.


   

Mr Harry Barnes

166

Clause     76,     page     49,     line     17,     leave out 'or any provision in force in Northern Ireland corresponding to this Act'.


   

Malcolm Wicks

85

Schedule     4,     page     181,     line     37,     leave out from 'reference' to end of line 38 and insert 'to the Tribunal under this Act or any provisions in force in Northern Ireland corresponding to this Act'.

   

Mr Harry Barnes

179

Schedule     4,     page     181,     line     37,     leave out 'or any corresponding provision in force in Northern Ireland'.

   

Malcolm Wicks

86

Schedule     4,     page     182,     line     14,     at end insert—

    '( ) for the Tribunal to deal with urgent cases expeditiously;'.

   

Malcolm Wicks

87

Schedule     4,     page     182,     line     15,     leave out paragraph (e).

   

Mr Harry Barnes

180

Schedule     4,     page     182,     line     16,     leave out from first 'function' to end of line 17.

   

Malcolm Wicks

88

Schedule     4,     page     182,     line     39,     leave out 'the statutory maximum' and insert 'level 5 on the standard scale'.

   

Malcolm Wicks

89

Schedule     4,     page     183,     line     25,     after 'appear' insert 'to the Tribunal'.


   

Malcolm Wicks

64

Clause     77,     page     49,     line     28,     leave out 'a referral' and insert 'a reference'.

   

Malcolm Wicks

65

Clause     77,     page     49,     line     32,     leave out 'a referral' and insert 'a reference'.

   

Malcolm Wicks

66

Clause     77,     page     49,     line     35,     at beginning insert 'in either case,'.


   

Malcolm Wicks

67

Clause     79,     page     51,     line     8,     leave out 'to appeal under section 78(2)(a)' and insert 'under section 78(2)(a) to appeal'.


   

Steve Webb
Paul Holmes

7

Clause     221,     page     147,     line     26,     at end add—

    '(5)   At the end of section 15(3) of the State Pension Credit Act 2002, insert "but capital shall be deemed to exclude lump sums payable under section 221 of the Pensions Act 2004".'.

   

Steve Webb
Paul Holmes

8

Clause     221,     page     147,     line     26,     at end add—

    '(5)   At the end of section 15 (3) of the State Pension Credit Act 2002, insert "but capital shall be deemed to exclude lump sums payable under Schedule 5 or 5A to the Social Security Contributions and Benefits Act 1992 (c. 4)".'.

 
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Prepared 11 Mar 2004