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

22

Page     86,     line     3     [Clause     128],     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
Andrew Rosindell

23

Page     87,     line     34     [Clause     131],     at end insert 'and—

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


   

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

219

Page     90     [Clause     134],     leave out lines 14 to 16 and insert—

      '(b) audited accounts covering the period from the date of the latest statutory annual accounts of the scheme to a date no later than three months prior to the day the application is made.'.


   

Mr Secretary Smith

106

Page     91,     line     4     [Clause     134],     leave out from 'as' to 'overrides' in line 6 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

107

Page     95,     line     1     [Clause     138],     at end insert—

      '( ) section 37(5) and (6) (Board to act as creditor for debt due by virtue of a contribution notice under section 35);'.

   

Mr Secretary Smith

108

Page     95,     line     1     [Clause     138],     at end insert—

      '( ) section 44(5) and (6) (Board to act as creditor for debt due by virtue of a contribution notice under section 42);'.

   

Mr Secretary Smith

109

Page     95,     line     1     [Clause     138],     at end insert—

      '( )  section [Content and effect of a restoration order](5) and (6) (Board to act as creditor for debt due by virtue of a restoration order under section [Restoration orders where transactions at an undervalue]);'.

   

Mr Secretary Smith

110

Page     95,     line     1     [Clause     138],     at end insert—

      '( )  section [Content and effect of a section [Contribution notice where failure to comply with restoration order] contribution notice](5) and (6) (Board to act as creditor for debt due by virtue of a contribution notice under section [Contribution notice where failure to comply with restoration order]);'.


   

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

24

Page     98,     line     4     [Clause     143],     after 'Regulator,', insert—

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


   

Mr Secretary Smith

111

Page     99,     line     5     [Clause     145],     leave out second 'section' and insert 'sections [Reviewable ill health pensions] to [Interpretation of sections [Reviewable ill health pensions] and [Effect of review]] and'.


   

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

32

Page     101,     line     37     [Clause     152],     at end insert—

      '(d) by agreeing that the purchase of annuities in respect of an occupational pension scheme which is in the process of being wound up can be postponed, and that relevant benefits may be discharged by the Board.'.


   

Mr Secretary Smith

112

Page     104,     line     15     [Clause     156],     at end insert—

      '( ) any amount paid to the Board in respect of a debt due to the Board under section 37(7) by virtue of a contribution notice under section 35,'.

   

Mr Secretary Smith

113

Page     104,     line     15     [Clause     156],     at end insert—

      '( )  any property transferred or amounts paid to the Board as required by a restoration order under section [Restoration orders where transactions at an undervalue],'.

   

Mr Secretary Smith

114

Page     104,     line     15     [Clause     156],     at end insert—

      '( )  any amount paid to the Board in respect of a debt due to the Board under section [Content and effect of a section [Contribution notices where failure to comply with restoration order] contribution notice](7) by virtue of a contribution notice under section [Contribution notices where failure to comply with restoration order],'.

   

Mr Secretary Smith

115

Page     104,     line     22     [Clause     156],     leave out 'payable' and insert 'to be paid or transferred'.

   

Mr Secretary Smith

116

Page     104,     line     37     [Clause     156],     at end insert—

      '( )  any sums required to meet any liabilities arising from obligations imposed on the Board by a restoration order under section [Restoration orders where transactions at an undervalue],'.

   

Mr Secretary Smith

117

Page     104,     line     37     [Clause     156],     at end insert—

      '( )  any property (other than sums) required to meet any liabilities—

      (i) transferred to the Board as mentioned in paragraph (a) and arising from obligations imposed by a restoration order under section [Restoration orders where transactions at an undervalue], or

      (ii) arising from obligations imposed on the Board by such an order,'.

   

Mr Secretary Smith

118

Page     104,     line     42     [Clause     156],     leave out 'payable' and insert 'to be paid or transferred'.

   

Mr Secretary Smith

119

Page     104,     line     42     [Clause     156],     at end insert—

    '( )   In subsection (1) (other than paragraph (d)) and subsection (3) (other than paragraph (c)) any reference to a provision of this Act is to be read as including a reference to any provision in force in Northern Ireland corresponding to that provision.'.


   

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

33

Page     105,     line     5     [Clause     157],     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
Mr Nigel Waterson
Mr George Osborne
Mr Peter Atkinson
Gregory Barker
Andrew Rosindell

34

Page     105,     line     6     [Clause     157],     leave out '12' and insert '6'.

   

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

35

Page     105,     line     27     [Clause     158],     after 'liabilities', insert—

      '(ia) 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
Gregory Barker
Andrew Rosindell

36

Page     105,     line     33     [Clause     158],     leave out paragraph (a).


   

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

37

Page     107,     line     10     [Clause     160],     leave out '50%' and insert '75%'.

   

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

38

Page     107,     line     43     [Clause     161],     at end insert 'save that in the first year, the levy ceiling will be no higher than £600 million'.


   

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

39

Page     109,     line     31     [Clause     163],     leave out from 'means' to end of line 33 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
Andrew Rosindell

40

Page     109,     line     41     [Clause     164],     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.'.


   

Mr Secretary Smith

120

Page     110,     line     27     [Clause     165],     after 'not' insert 'a prescribed scheme or a scheme'.


   

Mr Secretary Smith

121

Page     116,     line     5     [Clause     171],     at end insert—

    '( )   In subsection (1) (other than paragraphs (a) and (e)) and subsection (3) (other than paragraphs (a) and (e)) any reference to a provision of this Act is to be read as including a reference to any provision in force in Northern Ireland corresponding to that provision.'.

 
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Prepared 19 May 2004