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
Andrew Rosindell

10

Page     44,     line     9     [Clause     62],     at end insert—

    '(8)   Where such an inspection is carried out under this Act, and no further action is taken by the Regulator following such inspection, the owners or occupiers of the relevant premises are entitled to claim from the Regulator the reasonable costs of such inspection.'.

   

Mr Secretary Smith

80

Page     44,     line     28     [Clause     63],     at end insert 'any of the following provisions'.

   

Mr Secretary Smith

81

Page     44,     line     28     [Clause     63],     at end insert—

      '( ) regulations made by virtue of sections 231 and 232 (consultation by employers),'.

   

Mr Secretary Smith

82

Page     44,     line     31     [Clause     63],     leave out 'provision' and insert 'provisions'.


   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Andrew Rosindell

11

Page     45,     line     9     [Clause     63],     at end insert—

    '(7)   Where such an inspection is carried out under this Act, and no further action is taken by the Regulator following such inspection, the owners or occupiers of the relevant premises are entitled to claim from the Regulator the reasonable costs of such inspection.'.


   

Mr Secretary Smith

83

Page     47,     line     1     [Clause     66],     leave out from 'required' to 'is' and insert 'to produce under section 61 or 64'.

   

Mr Harry Barnes

185

Page     47,     line     13     [Clause     67],     leave out 'or any corresponding provision in force in Northern Ireland'.

   

Mr Harry Barnes

186

Page     47,     line     43     [Clause     67],     leave out 'or any corresponding provision in force in Northern Ireland'.


   

Mr Secretary Smith

84

Page     54,     line     22     [Clause     78],     leave out 'shall be absolutely privileged' and insert 'is privileged unless the publication is shown to be made with malice'.


   

Mr Secretary Smith

85

Page     55,     line     1     [Clause     79],     leave out paragraph (e).

   

Mr Secretary Smith

86

Page     55,     line     11     [Clause     79],     at end insert—

      '( ) the discharge of the duties imposed by sections 67 to 67I of that Act (the subsisting rights provisions);'.

   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Andrew Rosindell

12

Page     55,     line     21     [Clause     79],     at end insert—

    '(3A)   Any code of practice issued by the Regulator must include an analysis of the costs and benefits of the code'.

   

Mr Secretary Smith

87

Page     55,     line     22     [Clause     79],     leave out subsection (4).


   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Andrew Rosindell

13

Page     56,     line     3     [Clause     80],     at end insert 'which includes a draft analysis of the costs and benefits of the code'.


   

Mr Secretary Smith

88

Page     57,     line     15     [Clause     82],     at end insert—

      '( ) the power to issue a notice under section 41(1) approving the details of arrangements,'.

   

Mr Secretary Smith

59

Page     57,     line     17     [Clause     82],     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

89

Page     57,     line     23     [Clause     82],     at end insert—

      '( ) the power to make an order under section 23 of that Act appointing an independent trustee,'.


   

Mr Secretary Smith

90

Page     58,     line     18     [Clause     84],     leave out from first 'of' to end of line 20 and insert '—

      (i) any of the provisions listed in section 11(6), or

      (ii) any prescribed provision of this or any other enactment,

      for the Regulator to exercise a regulatory function.'.

   

Mr Secretary Smith

91

Page     58,     line     27     [Clause     84],     leave out 'reserved'.


   

Mr Secretary Smith

60

Page     59,     line     25     [Clause     85],     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

92

Page     59,     line     41     [Clause     85],     at end insert—

      '( ) the power to make an order under section 23 of that Act appointing an independent trustee;'.


   

Mr Secretary Smith

93

Page     60,     line     7     [Clause     85],     leave out from 'section' to first 'the' in line 8 and insert '90(1)(b) to vary or revoke in relation to'.


   

Mr Secretary Smith

94

Page     61,     line     44     [Clause     86],     at end insert—

      '( ) the power to make an order under section 23 of that Act appointing an independent trustee;'.

   

Mr Secretary Smith

95

Page     61,     line     50     [Clause     86],     at end insert—

      '( ) the power to make an order under section 67G(2) of that Act 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) of that Act prohibiting, or specifying steps to be taken in relation to, the exercise of a power to modify an occupational pension scheme;'.


   

Mr Secretary Smith

96

Page     62,     line     1     [Clause     86],     leave out from 'section' to first 'the' in line 2 and insert '90(1)(b) to vary or revoke in relation to'.


   

Mr David Willetts
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Andrew Rosindell

14

Page     64,     line     9     [Clause     89],     at end insert 'including sponsoring employers of any such schemes.'.

   

Mr Harry Barnes

187

Page     64,     line     38     [Clause     91],     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
Gregory Barker

205

Page     137,     line     28     [Clause     205],     after 'on', insert 'material'.


   

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

206

Page     138,     line     5     [Clause     205],     leave out from 'employer' to end of line 6 and insert 'as soon as reasonably practicable.'.


   

Vera Baird

46

Page     144,     line     40     [Clause     219],     after 'employers', insert 'and annuity providers'.

   

Vera Baird

47

Page     144,     line     41     [Clause     219],     after 'employees' insert 'and annuity purchasers'.


   

Vera Baird

44

Page     145,     line     12     [Clause     219],     at end insert—

      '(f) make provision about the information and advice given to employees and their spouses.'.

   

Vera Baird

48

Page     145,     line     12     [Clause     219],     at end insert—

      '(f) provide that they apply to annuity providers of a prescribed description and annuity purchasers of a prescribed description.

      (g) make provision as to the action to be taken by annuity providers to ensure that annuity purchasers and their spouses have signed to confirm that they have received and understood information relating to the annuity purchase.'.

   

Vera Baird

45

Page     145,     line     19     [Clause     219],     at end insert—

      '(d) the person who would be affected directly or indirectly by the provision of the information.'.

   

Vera Baird

49

Page     145,     line     23     [Clause     219],     at end insert—

    '(7)   In this section "annuity provider" means any company selling annuities whether or not resident or incorporated in any part of the United Kingdom.'.


NEW CLAUSES RELATING TO PART 5

 
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Prepared 18 May 2004