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Thursday 1st February 2007
Public Bill Committee
Pensions Bill
Note
The Amendments have been arranged in accordance with the Order
of the Committee [23rd January].
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
Mark Pritchard
John Penrose
Mr David Laws
89
Clause 16, page 19, line 36, at
end insert—
‘(4B) Upon becoming aware of a matter of dispute,
the specified person, or trustees or managers if appropriate, should
acknowledge receipt and advise the person or persons with an interest
in the scheme, in writing, of the existence of the Pensions Advisory
Service and the assistance it can provide in relation to the dispute
resolution.’.
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—
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
22
Clause 19, page 21, line 27, at
end insert—
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
87
Clause 19, page 21, line 29, at
end insert ‘, and such guidance must be reported to Parliament
by an oral statement made by the Secretary of State.’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
23
Clause 19, page 21, line 31, at
end insert—
(7D) If, before the end of that period, either House resolves
that the guidance should not be issued, the Secretary of State must
not issue it.
Mr David Laws
Lorely Burt
38
Clause 19, page 21, line 32, at
end add—
Mr David Laws
Lorely Burt
39
Clause 19, page 21, line 32, at
end insert—
Mr David Laws
Lorely Burt
65
Clause 19, page 21, line 32, at
end add—
Mr David Laws
Lorely Burt
66
Clause 19, page 21, line 32, at
end add—
‘(9) The Authority shall prepare and publish a report,
no later than 1st April 2008, on measures it proposes to take to monitor
the impact of the new personal accounts scheme on existing occupational
pensions provision and to guard against levelling down.’.
Mr David Laws
Lorely Burt
67
Clause 19, page 21, line 32, at
end add—
‘(9) The Authority shall prepare and publish a report,
no later than 1st April 2008, on how it plans to establish and develop
any necessary IT system and reduce risks of IT problems with personal
accounts.’.
Mr David Laws
Lorely Burt
68
Clause 19, page 21, line 32, at
end add—
‘(9) The Authority shall prepare and publish a report,
no later than 1st April 2008, on the percentage of the target audience
of personal accounts expected to accrue returns from saving in personal
account pension schemes of—
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
79
Clause 20, page 21, line 36, leave
out ‘the Authority thinks appropriate’ and insert ‘shall
be specified in regulations’.
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
80
Clause 20, page 21, line 38, leave
out subsection (2).
James Purnell
56
Clause 24, page 23, line 25, leave
out subsection (3) and insert—
James Purnell
60
Schedule 7, page 66, line 8, at
end insert—
‘Part 3A
Additional pension: simplified accrual rates
| Citation
|
Extent of repeal
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| Social Security Contributions and
Benefits Act 1992 (c. 4)
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In section 39—
(a) the words “and Schedule 4A” wherever occurring;
(b) subsection (3).
|
| In Schedule 4A, in paragraph 1(2) “39(1),”.
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| Child Support, Pensions and Social Security
Act 2000 (c. 19)
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Section 35(3).’.
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Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
7
Schedule 7, page 66, line 27, at
end insert—
NEW CLAUSES
Report by Government Actuary on trends in longevity
Mr Nigel Waterson
Andrew Selous
Mr Mark Lancaster
NC1
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