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Mr Harry Barnes
195
Page 206, line 12 [Schedule 1], leave out 'and any corresponding provisions in force in Northern Ireland'.
Mr Harry Barnes
196
Page 206, line 32 [Schedule 1], leave out from 'function' to 'or' in line 36.
Mr Harry Barnes
197
Page 207, line 13 [Schedule 1], leave out 'or any corresponding provision in force in Northern Ireland'.
Mr Harry Barnes
198
Page 207, line 16 [Schedule 1], leave out 'or any corresponding provision in force in Northern Ireland'.
Mr Secretary Smith
133
Page 207, line 30 [Schedule 1], at end insert—
'( ) the power to issue a notice under section 41(1) approving the details of arrangements;'.
Mr Secretary Smith
61
Page 207, line 30 [Schedule 1], at end insert—
| '( ) | the power to grant or revoke authorisation under section (General authorisation to accept contributions from European employers); |
| ( ) | the power to grant or revoke approval under section (Approval in relation to particular European employer; |
| ( ) | the power to issue a notice under section (Functions of Regulator in relation to institutions administered in other member States)(5);'. |
Mr Secretary Smith
134
Page 207, line 38 [Schedule 1], at end insert—
'( ) the power to appoint an independent trustee under section 23 of that Act;'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Andrew Rosindell
4
Page 209, line 26 [Schedule 1], leave out 'with the approval of the Treasury'.
Mr Harry Barnes
199
Page 211, line 35 [Schedule 1], leave out from 'Act' to end of line 36.
Mr Harry Barnes
200
Page 211, line 44 [Schedule 1], leave out 'or any corresponding provision in force in Northern Ireland'.
Mr Harry Barnes
201
Page 212, line 2 [Schedule 1], leave out 'or any corresponding provision in force in Northern Ireland'.
Mr Secretary Smith
135
Page 213, line 11 [Schedule 2], at end insert—
| | '. | The power to make an order under section 67G(2) by virtue of which any modification of, or grant of rights under, an occupational pension scheme is void to any extent. |
| | . | The power to make an order under section 67H(2) prohibiting, or specifying steps to be taken in relation to, the exercise of a power to modify an occupational pension scheme.'. |
Mr Secretary Smith
142
Page 213, line 32 [Schedule 2], at end insert—
| | '. | The power to issue a contribution notice under section [Contribution notices where failure to comply with restoration order].'. |
Mr Secretary Smith
141
Page 213, line 32 [Schedule 2], at end insert—
| | '. | The power to make a restoration order under section [Restoration orders where transactions at an undervalue].'. |
Mr Secretary Smith
136
Page 213, line 32 [Schedule 2], at end insert—
| | '. | The power to issue a contribution notice under section 35.'. |
Mr Secretary Smith
137
Page 213, line 32 [Schedule 2], at end insert—
| | '. | The power to issue a direction under section 38(4) to the trustees or managers of an occupational pension scheme.'. |
Mr Secretary Smith
138
Page 213, line 32 [Schedule 2], at end insert—
| | '. | The power to issue a financial support direction under section 39.'. |
Mr Secretary Smith
139
Page 213, line 32 [Schedule 2], at end insert—
| | '. | The power to issue a contribution notice under section 42.'. |
Mr Secretary Smith
140
Page 213, line 32 [Schedule 2], at end insert—
| | '. | The power to issue a direction under section 45(4) to the trustees or managers of an occupational pension scheme.'. |
Mr Harry Barnes
202
Page 220, line 12 [Schedule 4], leave out 'or any corresponding provision in force in Northern Ireland'.
Mr Harry Barnes
203
Page 230, line 14 [Schedule 15], leave out 'or any provisions in force in Northern Ireland corresponding to this Act'.
Mr Secretary Smith
143
Page 230, line 42 [Schedule 6], after 'employment', insert 'between the trustees or managers of the scheme and an individual'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Andrew Rosindell
26
Page 232, line 15 [Schedule 7], leave out from 'means' to end of line 17 and insert '90 per cent.'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Andrew Rosindell
27
Page 232, line 24 [Schedule 7], leave out sub-paragraph (7).
Mr Secretary Smith
144
Page 239, line 36 [Schedule 7], after first 'that', insert '—
| (a) | in that paragraph the references to the pension are to be read as references to the scheme lump sum, and |
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Andrew Rosindell
28
Page 247, line 42 [Schedule 7], leave out '2.5 %' and insert '5 %'.
Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Andrew Rosindell
31
Page 249, line 19 [Schedule 7], leave out paragraph 29.
Mr Secretary Smith
145
Page 250, line 8 [Schedule 7], at end insert—
| ' | (1) | The powers conferred by this paragraph are exercisable in relation to cases where— |
(a) immediately before the assessment date, a person ("the pensioner") is entitled to present payment of a pension under the scheme rules ("the pre-assessment date pension"), but
(b) the case is one to which paragraph 31(4) applies and the effect of disregarding the recent rule changes is that the pensioner is not entitled to compensation under paragraph 3(2) by reason of the pension or a part of the pension.
| (2) | Regulations may provide— |
(a) for the pensioner to be treated, for the purposes of the pension compensation provisions, as entitled, immediately before the assessment date, to present payment of a pension under the admissible rules, and
(b) for the compensation payable under paragraph 3 in respect of that pension to be determined in the prescribed manner and, for this purpose, for any provision of this Schedule to be applied with such modifications as may be prescribed.
| (3) | Regulations may also provide, in cases where— |
(a) the pensioner is not treated as entitled to present payment of a pension by virtue of regulations under sub-paragraph (2), but
(b) he is or may become entitled to compensation in respect of the pre-assessment date pension otherwise than under paragraph 3,
for any provision of this Schedule to apply with such modifications as may be prescribed.'.
Mr Secretary Smith
146
Page 250, line 37 [Schedule 7], leave out from 'as' to 'overrides' in line 39 and insert '—
| (i) | paragraph 3 of Schedule 5 to the Social Security Act 1989 (c.24), |
| (ii) | section 129 of the Pension Schemes Act 1993 (c.48), |
| (iii) | section 117 of the Pensions Act 1995 (c.26), |
| (iv) | section 31(4) of the Welfare Reform and Pensions Act 1999 (c.30) (pension debits: reduction of benefit), or |
| (v) | section 264 of this Act,'. |
Mr Secretary Smith
147
Page 253, line 18 [Schedule 7], leave out from first 'to' to end of line 20 and insert '—
| (a) | a transfer to the scheme of, or transfer payment to the trustees or managers of the scheme in respect of, any of his rights (which may include conditional rights and transfer credits allowed) under another scheme, other than pension credit rights, or |
| (b) | a cash transfer sum paid under Chapter 5 of Part 4 of the Pension Schemes Act 1993 (c.48) (early leavers) in respect of him to the trustees or managers of the scheme.'. |
Mr Secretary Smith
148
Page 263, [Schedule 11], leave out lines 14 and 15 and insert—
'R is—
| (a) | a percentage rate two per cent. higher than the Bank of England base rate, or |
| (b) | if regulations so provide, such higher rate as may be prescribed.'. |
Mr Secretary Smith
149
Page 263, line 15, [Schedule 11], at end insert—
| '( ) | For the purposes of sub-paragraph (3), any change in the Bank of England base rate is to be treated as taking effect— |
(a) at the beginning of the accrual period immediately following the accrual period during which the change took effect, or
(b) if regulations so provide, at such other time as may be prescribed.'.
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