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Thursday 25th January 2007
Public Bill Committee
Pensions Bill
Note
The Amendments have been arranged in accordance with the Order
of the Committee [23rd January].
Ms Sally Keeble
69
Clause 5, page 5, line 24, at
end insert—
Mr David Laws
Lorely Burt
28
Clause 5, page 5, line 26, at
end insert ‘including those claimed by British citizens living
abroad’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
1
Clause 5, page 5, leave out
lines 32 to 38.
Mr David Laws
Lorely Burt
29
Clause 5, page 5, line 38, at
end insert ‘; or by a percentage not less than the percentage
by which the general level of prices is greater at the end of the period
than it was at the beginning, whichever is the higher.’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
Mr David Laws
Lorely Burt
2
Clause 5, page 5, leave out
lines 39 to 41.
Mr David Laws
Lorely Burt
31
Clause 5, page 5, line 41, at
end insert—
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
3
Clause 5, page 5, leave out
lines 42 to 44.
Mr David Laws
Lorely Burt
32
Clause 5, page 6, line 10, leave
out from ‘force’ to end of line 11 and insert ‘from
1st April 2008.’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
4
Clause 5, page 6, line 13, leave
out from ‘shall’ to end of line 14 and insert ‘determine
the general level of earnings as set out in subsections (8A) and (8B).
(8A) If the average earnings index (including bonuses)
for the whole economy for September in any year is higher than the index
for the previous September, the Secretary of State shall as soon as
practicable make an order in relation to each sum mentioned in subsection
(1), increasing each sum, if the new index is higher, by the same percentage
as the amount of the increase of the index.
(8B) In making the calculation required by subsection (8A),
the Secretary of State shall in the case of the sums set out in subsections
(1)(a) to (1)(d) inclusive, round up the result to the nearest 10 pence.’.
Mr David Laws
Lorely Burt
33
Clause 5, page 6, line 14, leave
out ‘he thinks fit’ and insert ‘may be approved by
resolution of each House of Parliament’.
Mr David Laws
Lorely Burt
34
Clause 5, page 6, line 38, leave
out from ‘the’ to ‘(with’ in line 39 and insert
‘tax year beginning 1st April 2008’.
Mr David Laws
Lorely Burt
35
Clause 5, page 6, line 43, leave
out ‘1st April 2011’ and insert ‘the first 1st April
after the first meeting of the next Parliament’.
Mr David Laws
Lorely Burt
36
Clause 5, page 6, line 44, leave
out subsections (5) to (7).
Mr David Laws
Lorely Burt
76
Clause 5, page 6, line 46, leave
out ‘the relevant dissolution date’ and insert ‘6th
April 2013’.
Mr David Laws
Lorely Burt
77
Clause 5, page 7, line 1, leave
out subsection (6).
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
5
Clause 5, page 7, line 3, at
end insert—
‘(6A) The Secretary of State must, within six months
of the beginning of the Parliament referred to in subsection (6), inform
Parliament by means of an oral statement of the date at which the provision
set out in this section could be afforded.’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
78
Clause 5, page 7, line 3, at
end insert—
James Purnell
88
* Clause 9, page 9, line 17, leave
out ‘and section 44C below’.
Ms Sally Keeble
70
Clause 10, page 11, line 14, leave
out ‘40’ and insert ‘45’.
Ms Sally Keeble
71
Clause 10, page 11, leave
out lines 15 and 16.
Ms Sally Keeble
72
Clause 10, page 11, line 31, leave
out ‘40’ and insert ‘45’.
Ms Sally Keeble
73
Clause 10, page 11, leave
out lines 32 and 33.
Ms Sally Keeble
74
Clause 10, page 12, line 7, leave
out ‘40’ and insert ‘45’.
Ms Sally Keeble
75
Clause 10, page 12, leave
out lines 8 and 9.
Mr David Laws
Lorely Burt
64
Clause 10, page 12, line 15, at
end add—
‘(7) The Secretary of State shall publish estimates,
no later than 1st April 2008, of how many people he expects to receive
less than £135 a week in Basic State Pension and Second State Pension
combined in 2030 and 2050.’.
James Purnell
49
Clause 11, page 12, line 35, at
end insert ‘and
James Purnell
58
Schedule 2, page 38, line 13, at
end add—
‘Part 3
Consequential and related amendments
3 In section 39 of the SSCBA (rate of widowed mother’s
allowance and widow’s pension) omit—
4 (1) Section 39C of the SSCBA (rate of widowed parent’s
allowance and bereavement allowance) is amended as follows.
6 In section 46 of the SSCBA (modification of section
45 for calculating the additional pension in certain benefits) after
subsection (3) insert—
7 In section 48A of the SSCBA (rate of Category B retirement
pension for married person or civil partner) in subsection (4) for “Schedule
4A” substitute “Schedules 4A and 4B”.
8 In section 48B of the SSCBA (Category B retirement
pension for surviving spouse or civil partner) in subsection (2) for
“Schedule 4A” substitute “Schedules 4A and 4B”.
9 In section 48BB of the SSCBA (Category B retirement
pension: entitlement by reference to benefits under section 39A or 39B)
in subsection (5)—
10 In section 48C of the SSCBA (Category B retirement
pension: general) in subsection (4) for “Schedule 4A” substitute
“Schedules 4A and 4B”.
11 In Schedule 4A to the SSCBA (additional pension) in
paragraph 1(2) omit “39(1),”.
12 In section 42 of the Pension Schemes Act 1993 (review
and alteration of rates of contributions applicable under section 41)
in subsection (1)(a)(ii) for “Schedule 4A” substitute “Schedules
4A and 4B”.’.
James Purnell
50
Clause 12, page 14, line 4, after
‘revoke’, insert ‘any provision of’.
James Purnell
57
Schedule 1, page 30, line 5, leave
out paragraph 21.
James Purnell
51
Clause 15, page 18, line 36, at
end insert—
James Purnell
52
Clause 15, page 18, line 43, at
end insert—
James Purnell
53
Clause 15, page 18, line 44, leave
out subsections (3) and (4) and insert—
(a) Parts 1 and 2 contain amendments which are consequential
on, or related to, the provision made by subsection (1), and
James Purnell
54
Clause 15, page 19, line 8, leave out ‘this section and
that Schedule’ and insert ‘subsection (1) and Schedule 4
or any amendment, repeal or revocation of any protected rights provisions
by virtue of subsection (1A).’.
James Purnell
55
Clause 15, page 19, line 9, leave
out subsections (7) to (9) and insert—
Mr David Laws
Lorely Burt
37
Clause 15, page 19, line 16, at
end add—
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
6
Schedule 4, page 43, line 11, leave
out paragraph 8.
James Purnell
59
Schedule 4, page 43, line 11, leave
out ‘(identification and valuation of protected rights)’
and insert ‘(persons who may establish scheme)’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
81
Clause 18, page 20, line 31, leave
out subsection (2).
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
8
Schedule 6, page 55, line 1, after
‘a’, insert ‘lay’.
Mr David Laws
Lorely Burt
41
Schedule 6, page 55, line 1, leave
out ‘chairman’ and insert ‘lay chair who is not perceived
to have a conflict of interest with regard to the financial services
industry, but is there to represent the views and look after the interests
of scheme members and prospective scheme members,’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
9
Schedule 6, page 55, line 2, after
‘members’, insert ‘(of which two shall be appointed
to represent the interests of consumers)’.
Mr David Laws
Lorely Burt
42
Schedule 6, page 55, line 2, after
‘ members’, insert ‘, of which at least two out of
nine members will be non-executive consumer directors who represent
scheme members and prospective scheme members and are recognised professionally
by consumer groups,’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
Mr David Laws
Lorely Burt
10
Schedule 6, page 55, line 3, leave
out ‘or (3)’ and insert ‘, (3) or (3A)’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
11
Schedule 6, page 55, line 8, at
end insert—
‘(3A) Before appointing, or approving the appointment
of, any member representing the interests of consumers for the purposes
of sub-paragraph (1)(b), the Secretary of State must consult such organisations
as appear to him to represent the interests of consumers.’.
Mr David Laws
Lorely Burt
44
Schedule 6, page 55, line 8, at
end insert—
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
12
Schedule 6, page 55, line 11, at
end insert—
‘1A Before appointing any member of the Authority
under sub-paragraph 1(1) the Secretary of State must—
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
13
Schedule 6, page 55, line 11, at
end insert—
‘1A In appointing members the Secretary of State
shall have regard to the desirability of recruiting a group of members
so that there is a balance as the Secretary of State considers appropriate
between—
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
15
Schedule 6, page 55, line 30, leave
out ‘or other’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
82
Schedule 6, page 56, line 26, leave
out sub-paragraph (2).
Mr David Laws
Lorely Burt
45
Schedule 6, page 59, line 7, at
end insert—
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
16
Schedule 6, page 59, line 13, leave
out from ‘contain’ to ‘of’ in line 14 and insert
‘a majority of persons who are either members or employees’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
17
Schedule 6, page 59, line 18, leave
out paragraph 10.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
14
Schedule 6, page 59, line 20, at
end insert—
‘10A (1) The Authority must establish a committee
for the purpose of representing the interests of scheme members and
prospective scheme members.
(2) The chairman of the committee must be a consumer
representative appointed under paragraphs 1(1)(b) and 1(3A).’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
18
Schedule 6, page 62, line 28, at
end insert—
‘18A Such grants shall be classified as—
18B (1) Policy grants shall be used in support of
the Authority’s work on advising on preparing for the implementation
of, or the modification of, any relevant proposals about personal accounts.
18C Operational grants shall be used in support of the
Authority’s work in preparing for the implementation of proposals
for personal accounts.’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
19
Schedule 6, page 62, line 34, at
end insert—
‘(2A) A statement under sub-paragraph (1)(b)
must show separately the purposes to which policy grants and operational
grants have been applied.
(2B) A statement under sub-paragraph (1)(b) must
show the interest charges that would have accrued on the operational
grants if they had been loans taken out at commercial rates of interest.’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
83
Clause 19, page 20, line 35, leave
out ‘appropriate’ and insert ‘strictly necessary’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
84
Clause 19, page 21, line 2, leave
out from ‘State’ to ‘which’ in line 3.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
85
Clause 19, page 21, line 5, leave
out ‘pensions’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
20
Clause 19, page 21, line 11, at
end insert—
(a) appears to them to ensure, so far as they are facilitating
the implementation of any such proposals, that there is effective co-operation
in relation to the implementation of the proposals between themselves,
the Pensions Regulator, the Financial Services Authority and the Secretary
of State; and
Mr David Laws
Lorely Burt
40
Clause 19, page 21, line 11, at
end insert—
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
86
Clause 19, page 21, line 26, leave
out subsection (5).
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
21
Clause 19, page 21, line 27, at
end insert—
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