| Amendments proposed to the Pensions Bill - continued | House of Commons |
| back to previous text | |
|
Malcolm Wicks 389 Clause 135, page 83, line 1, leave out 'income' and insert 'any income or capital gain'.
Kevin Brennan 275 Clause 135, page 83, line 8, leave out 'other than' and insert 'including'.
Mr David Willetts 351 Clause 135, page 83, line 33, at end insert—'(3A) Regulations must prescribe the basis upon which the Pension Protection Fund shall have the same powers of compensation as those set out in section 124 of, and Schedule 7 to, this Act in respect of those occupational pension schemes which are being wound up prior to the coming into force of Part 2 of this Act.'.
Mr David Willetts 350 Clause 135, page 83, line 34, at end insert—'(5) The Pension Protection Fund shall publish annual accounts showing all income and expenditure as well as those assets currently administered by it.'.
Mr David Willetts 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.'.
Mr David Willetts 358 Clause 136, page 83, line 40, leave out '12 months' and insert '6 months'.
Kevin Brennan 276 Clause 136, page 83, line 46, at end insert—'(2A) The regulations must prescribe that the initial 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 157 Clause 136, page 84, leave out line 1.
Mr David Willetts 215 Clause 137, page 84, line 14, after 'liabilities', insert—
Mr David Willetts 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 216 Clause 137, page 84, line 21, leave out paragraph (a).
Mr David Willetts 359 Clause 137, page 84, line 32, at end insert 'save that this levy shall not exceed the equivalent of £5 per member.'.
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 222 Clause 138, page 85, line 13, after 'consult', insert 'and give due consideration to'.
Mr David Willetts 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 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 361 Clause 139, page 85, line 34, leave out 'may' and insert 'must'.
Mr David Willetts 360 Clause 139, page 85, line 36, leave out '50%' and insert '75%'.
Mr David Willetts 362 Clause 140, page 86, line 24, at end insert 'save that in the first year, the levy ceiling will be no higher than £600 million'.
Mr David Willetts 158 Clause 140, page 86, line 25, leave out subsection (2).
Mr David Willetts 159 Clause 142, page 88, line 9, leave out subsection (2).
Mr David Willetts 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 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.'.
Malcolm Wicks 390 Clause 143, page 88, line 28, leave out 'the Board's' and insert ', on the Board's behalf, its'.
Malcolm Wicks 391 Clause 144, page 90, line 23, leave out from 'apply' to end of line 28 and insert—'(8A) For the purposes of this section, an insolvency event ("the current event") in relation to the employer is a qualifying insolvency event if—
Malcolm Wicks 392 Clause 150, page 94, line 9, leave out 'and'.
Malcolm Wicks 393 Clause 150, page 94, line 10, at end insert ', and
Malcolm Wicks 394 Clause 152, page 95, line 14, leave out from 'provide' to 'information' in line 15 and insert '—
Malcolm Wicks 395 Clause 152, page 95, line 20, at end insert—'( ) Regulations made by virtue of paragraph (b) of that subsection must make provision regarding the manner in which the persons required to provide information are to be notified of the identity of the person authorised as mentioned in sub-paragraph (ii) of that paragraph.'.
Malcolm Wicks 396 Clause 155, page 97, line 31, leave out from 'required' to 'is' and insert 'to produce under section 153 or 154'.
Mr Harry Barnes 168 Clause 156, page 98, line 2, leave out 'or any corresponding provision in force in Northern Ireland'.
Mr Harry Barnes 169 Clause 156, page 98, line 18, leave out 'or any corresponding provision in force in Northern Ireland'.
| |||||||||||||||||||||||||||
