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
Gregory Barker
Mr David Ruffley

Andrew Rosindell

255

*Clause     188,     page     119,     line     39,     at end add—

    '(5)   In exercising any of the powers conferred by this section the Regulator must inform—

      (a) recognised trade unions, and

      (b) organisations representing the pensioner members of the scheme as soon as is reasonably practicable.'.


   

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

220

Clause     82,     page     52,     line     18,     at end insert—

    '(4A)   The ordinary members must be representative of those parties affected.'.


   

Mr Harry Barnes

181

Schedule     5,     page     191,     line     10,     leave out 'or any provisions in force in Northern Ireland corresponding to this Act'.


   

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

1

Clause     84,     page     53,     line     7,     at end insert—

      '(c) a fund to be known as the Interim Pension Protection Fund.'.


   

Mr Harry Barnes

167

Clause     87,     page     54,     line     28,     leave out from 'Fund)' to end of line 29.


   

Kevin Brennan

272

*Clause     90,     page     55,     line     36,     leave out 'other than', and insert 'and'.


   

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

Andrew Rosindell

256

*Clause     94,     page     57,     line     14,     at end insert 'who shall have a duty to inform the members of the scheme'.


   

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

Andrew Rosindell

257

*Clause     96,     page     60,     line     13,     at end insert 'who shall have a duty to inform the members of the scheme'.


   

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

Andrew Rosindell

258

*Clause     97,     page     60,     line     29,     after 'scheme', insert 'who shall have a duty to inform the members of the scheme'.


   

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

2

Clause     98,     page     61,     line     9,     leave out subsection (2).

   

Kevin Brennan

273

*Clause     98,     page     61,     line     9,     leave out 'not'.

   

Kevin Brennan

274

*Clause     98,     page     61,     line     9,     after 'up', insert 'or if it has already been wound up.'.


   

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

Andrew Rosindell

259

*Clause     102,     page     63,     line     25,     after 'scheme', insert 'who shall have a duty to inform the members of the scheme.'.


   

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

Andrew Rosindell

260

*Clause     113,     page     70,     line     8,     at end insert ', and

      ( ) recognised trade unions and organisations representing the pensioner members of the scheme.'.


   

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

Andrew Rosindell

261

*Clause     116,     page     71,     line     40,     at end insert ', and

      '( ) recognised trades unions and organisations representing the pensioner members of the scheme.'.


   

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

Andrew Rosindell

262

*Clause     117,     page     72,     line     42,     at end insert 'who shall have a duty to inform the members of the scheme'.


   

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

Andrew Rosindell

263

*Clause     122,     page     77,     line     11,     at end insert—

      '( ) recognised trade unions and organisations representing the pensioner members of the scheme.'.


   

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

Andrew Rosindell

270

*Schedule     7,     page     208,     line     6,     leave out 'on or after 6th April 1997'.

   

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

Andrew Rosindell

271

*Schedule     7,     page     208,     line     9,     leave out 'on or after that date'.

   

Steve Webb
Paul Holmes

6

Schedule     7,     page     208,     line     37,     leave out paragraph 30.


   

Kevin Brennan

275

*Clause     135,     page     83,     line     8,     leave out 'other than' and insert 'including'.


   

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

184

Clause     136,     page     83,     line     39,     after 'regulations', insert ', which shall be no earlier than the day on which the basis for calculating the risk-based levy in the first financial year after the initial period has been published.'.

   

Kevin Brennan

276

*Clause     136,     page     83,     line     46,     at end insert 'The regulations must prescribe that the initial levy is not to be used for payments under section 135(3) in so far a 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
Gregory Barker
Mr David Ruffley

157

Clause     136,     page     84,     leave out line 1.


   

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

215

Clause     137,     page     84,     line     14,     after 'liabilities', insert—

      '(iia) the likelihood of an insolvency event occurring in relation to the employer in relation to a scheme,'.

   

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

217

Clause     137,     page     84,     line     18,     at end insert—

    '(2A)   Prior to the establishment of the risk-based pension protection levy the Secretary of State must make a recommendation as to whether insolvency risk and investment strategy will be included in the risk-based pension protection levy.

    (2B)   Any subsequent changes to the consideration of these factors must be approved by the Secretary of State.'.

   

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

216

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

   

Kevin Brennan

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

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

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

Andrew Rosindell

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.'.



 
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Prepared 16 Mar 2004