Amendments proposed to the Pensions Bill - continued House of Commons

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Malcolm Wicks


Clause     164,     page     102,     line     41,     after '(2)' insert 'above or section 19 of the Anti-terrorism, Crime and Security Act 2001 (c.24) (disclosure of information held by revenue departments)'.


Malcolm Wicks


Page     104,     line     33,     leave out Clause 167.


Mr Harry Barnes


Clause     170,     page     108,     line     15,     leave out 'and any corresponding provisions in force in Northern Ireland'.


Malcolm Wicks


Clause     177,     page     112,     line     41,     at end insert—

    '(1A)   Subsection (2) also applies where—

      (a) the trustees or managers of an eligible scheme—

      (i) make an application to the Board under subsection (1) of section 101, or

      (ii) receive a notice from the Board under subsection (5)(a) of that section, and

      (b) the winding up of the scheme begins—

      (i) at or after the time the application is made or notice is received, but

      (ii) not later than the issuing of a notice in relation to the scheme under section 102(2) or (3).'.


Malcolm Wicks


Clause     177,     page     113,     line     2,     leave out 'that qualifying insolvency event' and insert 'the event within subsection (1)(a) or, as the case may be, (2)(a)'.


Malcolm Wicks


Clause     177,     page     113,     line     8,     at end insert—

    '( )   Subsection (4) of section 100 applies for the purposes of subsection (1A) of this section as it applies for the purposes of subsection (1) of that section.'.


Malcolm Wicks


Clause     224,     page     150,     line     21,     leave out 'an order under this section' and insert 'subsection (2)'.


Malcolm Wicks


Clause     226,     page     151,     line     1,     leave out 'an order under this section' and insert 'subsection (2)'.


Mr Harry Barnes


Clause     233,     page     156,     line     35,     leave out paragraph (e).


Steve Webb
Paul Holmes


Clause     241,     page     160,     line     40,     at end add—

       ' "organisations representing pensioner members of a scheme" means any not for profit association, or company limited by guarantee, funded by its members, representing a minimum number or percentage of pensioner members of the scheme as may be specified in regulations.'.


Malcolm Wicks


Schedule     11,     page     229,     line     6,     at end insert—

     In section 53 (supervision: former contracted-out schemes), after subsection (1B) insert—

          "(1C)   But where a direction under subsection (1) conflicts with a freezing order made by the Regulatory Authority under section 20 of the Pensions Act 2004 in relation to the scheme then, during the period for which the freezing order has effect, the direction to the extent that it conflicts with the freezing order—

          (a) is not binding as described in subsection (1), and

          (b) is not enforceable as described in subsection (1B)."'.


Malcolm Wicks


Schedule     11,     page     229,     line     6,     at end insert—

     In section 99 (trustees' duties after exercise of option)—

            (a)   in subsection (4) after "circumstances," insert "by direction", and

            (b)   in subsection (4A) for "in relation to applications for extensions under subsection (4)" substitute "requiring applications for extensions under subsection (4) to meet prescribed requirements".'.


Malcolm Wicks


Schedule     11,     page     229,     line     6,     at end insert—

     In section 101J (time for compliance with transfer notice)—

            (a)   in subsection (2) after "circumstances," insert "by direction", and

            (b)   in subsection (6)(a) for "in relation to applications for extensions under subsection (2)" substitute "requiring applications for extensions under subsection (2) to meet prescribed requirements".'.


Malcolm Wicks


Schedule     11,     page     229,     line     8,     at end insert—

     In section 168(4) (penalties for contravention of regulations) after "the provision" insert "to be required by notice in writing".'.


Malcolm Wicks


Schedule     11,     page     229,     line     20,     at end insert—

     In section 4 (suspension orders), in subsections (3) and (5) for "class" substitute "description".'.


Malcolm Wicks


Schedule     11,     page     229,     line     22,     at end insert—

     In section 9 (removal and appointment of trustees: property), after "exercise" insert "by order".'.


Malcolm Wicks


Schedule     11,     page     229,     line     28,     at end insert—

     In section 29 (persons disqualified for being trustees), in subsection (5) for "class" substitute "description".'.


Malcolm Wicks


Schedule     11,     page     229,     line     29,     after 'consequences)' insert '—

            (a)   in subsection (2), after "exercise" insert "by order", and

            (b)   '.


Malcolm Wicks


Schedule     11,     page     230,     line     41,     at end insert—

     In section 69(2) (power to make provision in relation to applications under that section)—

            (a)   for "about the manner of dealing with" substitute "requiring", and

            (b)   after "this section" insert "to meet prescribed requirements".'.


Malcolm Wicks


Schedule     11,     page     230,     line     41,     at end insert—

     In section 71A(4)(d) (power to make provision in relation to applications for the purposes of that section)—

            (a)   for "before such time as may be prescribed" substitute "before an application is made for the purposes of this section", and

            (b)   for "an application for the purposes of this section" substitute "the application".'.


Malcolm Wicks


Schedule     11,     page     231,     line     42,     after '"Authority",' insert—

            '( )   in subsection (3) after "may" insert "by direction",'.


Malcolm Wicks


*Schedule     11,     page     232,     leave out lines 14 and 15 and insert—

    '39 (1) Paragraph 1 of Schedule 1 (application of enactments relating to occupational trust schemes to certain stakeholder schemes) is amended as follows.

    (2) In sub-paragraph (2), in paragraph (b)—'.


Malcolm Wicks


*Schedule     11,     page     232,     line     20,     at end insert—

    '( ) After that paragraph insert "; and

                (c)   Chapters 4 and 5 of Part 2 of the Pensions Act 2004 (fraud compensation and information gathering)."

        ( ) After sub-paragraph (5) insert—

              "(6)   Chapters 4 and 5 of Part 2 of the Pensions Act 2004 (as applied by sub-paragraph (1)) shall have effect with such modifications as the Secretary of State may prescribe by regulations.".'.


Malcolm Wicks


Schedule     12,     page     232,     line     29,     leave out '1' and insert '2'.


Malcolm Wicks


Schedule     12,     page     233,     leave out lines 23 and 24.


Malcolm Wicks


Schedule     12,     page     233,     line     53,     column 2, at end insert—

'In section 71A(4), paragraphs (f) and (g).'

Malcolm Wicks


Schedule     12,     page     234,     line     27,     after '21(3)"' insert 'and "78, 79, 80(4)"'.


Mr Harry Barnes


Clause     246,     page     162,     line     46,     after 'England', insert 'Northern Ireland'.


Mr Harry Barnes


Clause     246,     page     163,     line     1,     leave out from beginning to end of line 22.


Malcolm Wicks


*Clause     246,     page     163,     line     10,     after '83' insert ', 84(1) and (3)'.


Malcolm Wicks


*Clause     246,     page     163,     line     10,     after '93' insert '135, 150'.


Malcolm Wicks


*Clause     246,     page     163,     line     10,     leave out second 'and' and insert—

      '( ) section 85 so far as that provision has effect in relation to functions of the Board conferred by any provision of, or made under, this Act which extends to Northern Ireland, and'.


Malcolm Wicks


Clause     246,     page     163,     line     11,     at end insert '(other than paragraph 17A)'.


Mr Harry Barnes


Page     163,     line     26,     leave out Clause 247.


Effect of determination to wind up scheme on freezing order


Malcolm Wicks


To move the following Clause:—

    '(1)   This section applies where—

      (a) the Regulator determines to make an order under section 11 of the Pensions Act 1995 (c.26) (power to wind up occupational pension schemes) in relation to a scheme ("a winding up order"),

      (b) that determination is made during the period for which a freezing order has effect in relation to the scheme,

      (c) the case is not one to which the special procedure in section 72 applies (immediate exercise of powers where immediate risk to assets etc), and

      (d) the winding up order accordingly cannot be made until the expiry of the period specified in section 70(4) (no exercise during period of referral to the Tribunal etc).

    (2)   In such a case the freezing order is to continue to have effect until—

      (a) where the winding up order is made, it ceases to have effect under section 24 from the time when that order is made, or

      (b) the determination to make the winding up order is revoked.

    (3)   Subsection (2) is subject to the Regulator's power under section 75 to revoke the freezing order at any time.'.

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Prepared 30 Mar 2004