Pensions Bill, As Amended - continued | House of Commons |
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Minimum Retirement Income Mr Nigel Waterson
NC14 To move the following Clause:— ‘(1) The amount of the Minimum Retirement Income in respect of each tax year shall be set by the Chancellor of the Exchequer by order at the level of the standard minimum guarantee prescribed under section 2 of the State Pension Credit Act 2002 (c. 16). (2) Before making an order under subsection (1), the Chancellor of the Exchequer shall consult such persons as he considers appropriate. (3) An order under this section (other than the order that applies to the first tax year during which this section is in force) must be made on or before 31st January of the tax year before the tax year to which the order applies.’. Removal of age limit for annuity protection lump sum death benefit Mr Nigel Waterson
NC15 To move the following Clause:— ‘(1) Schedule 29 to the Finance Act 2004 (c. 12) is amended as follows. (2) In paragraph 16(1) (definition of annuity protection lump sum death benefit), paragraph (a) shall cease to have effect.’. Report on contribution credits Mr Nigel Waterson
NC16 To move the following Clause:— ‘The Secretary of State shall present a report annually to the House of Commons on— (a) the number of carers in receipt of contribution credits; (b) the number of carers caring for 20 or more hours per week who are not in receipt of contribution credits; (c) the associated costs of contribution credits to the National Insurance Fund of (a); (d) an estimate of the cost of providing contribution credits to persons falling within paragraph (b), and (e) any proposals he may have for reviewing eligibility for contributions credits.’. Deferral of claim to Basic State Pension Mr David Laws
NC17 To move the following Clause:— ‘The Secretary of State shall, no later than 31st December 2007, publish proposals as to how the Government will enable those people who have reached the state pension age and not made the necessary National Insurance contributions or accrued the necessary credits for entitlement to the full Basic State Pension, to defer claiming the Basic State Pension and continue to pay National Insurance contributions until the entitlement to a full Basic State Pension has been accrued.’. Carers’ credit Mr David Laws
NC18 To move the following Clause:— ‘The Secretary of State shall, no later than 31st December 2007, publish plans for the extension of carers’ credit to all those involved in caring for over 20 hours a week.’. Lower earnings limit Mr David Laws
NC19 To move the following Clause:— ‘The Secretary of State shall bring forward proposals, no later than 1st December 2007, to enable people with cumulative earnings from more than one source that exceed the lower earnings limit to accrue entitlement to the Basic State Pension.’. Report on tax relief on pensions Mr David Laws
NC20 To move the following Clause:— ‘The Secretary of State shall, no later than 1st April 2008, prepare and publish a report on tax relief on pension contributions, namely— (a) the annual cost to the Treasury of those reliefs, including projections for the following five tax years; (b) the extent to which the existing tax relief on pensions is— (i) economic, (ii) properly focussed, and (iii) comprehensible; (c) the costs and benefits of existing pensions tax relief for each income decile; and (d) plans to reform tax relief to meet the criteria of fairness, incentivising saving and affordability.’. Certification scheme for carers Mr David Laws
NC28 To move the following Clause:— ‘After section 23A of the SSCBA (inserted by section 3 of this Act) insert— “23B Contributions credits for relevant parents and carers: supplementary provisions The Secretary of State must, not later than 31st December 2007, make regulations providing for the certification by health and social care professionals of persons who— (a) are engaged in caring for another person or persons for a minimum of 20 hours a week, and (b) are not otherwise recognised by regulations under section 23A.”’. Mr David Laws
15 Page 3, line 33 [Clause 3], at end insert— ‘(d) is in receipt of a certificate under section 23B.’. Mr David Laws
4 Page 6, line 2 [Clause 5], 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 David Laws
5 Page 6, line 5 [Clause 5], at end insert— ‘(3A) The general level of earnings shall be defined as the Average Earnings Index (with bonuses).’. Mr David Laws
6 Page 6, line 5 [Clause 5], at end insert— ‘(3A) The general level of prices shall be defined as the Retail Prices Index.’. Mr Nigel Waterson
1 Page 6, line 21 [Clause 5], leave out from ‘shall’ to end of line 22 and insert ‘determine the general level of earnings as set out in subsection (8A). (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.’. Mr David Laws
Mr Austin Mitchell Mrs Linda Riordan Mrs Ann Cryer Mr Neil Gerrard Paul Flynn Lynne Jones Mr Peter Kilfoyle Mr Roger Godsiff Dr Ian Gibson Lynne Jones Alan Simpson Mr Martin Caton 8 Page 7, line 3 [Clause 5], leave out from ‘means’ to end of line 10 and insert ‘the tax year 2007-2008’. Mr David Laws
9 Page 7, line 7 [Clause 5], leave out ‘the relevant dissolution date’ and insert ‘6th April 2013’. Mr David Laws
Mr Austin Mitchell Mrs Linda Riordan Mrs Ann Cryer Mr Neil Gerrard John Austin Lynne Jones 10 Page 7, line 8 [Clause 5], leave out subsection (6). Mr Nigel Waterson
2 Page 7, line 10 [Clause 5], at end insert— ‘(6A) The Secretary if State must, on or before 5th April 2009, announce his decision as to the date from which he will implement the provision set out in this section.’. John McDonnell
Mr Neil Gerrard Paul Flynn Mr Peter Kilfoyle Mr Roger Godsiff Dr Ian Gibson John Austin Bill Etherington Mr Frank Field Alan Simpson 11 Page 7, line 14 [Clause 5], at end insert— ‘(8) The first draft order laid under section 150 of the Administration Act after this Act is passed shall provide for the weekly rate of the basic pension (the first amount specified in section 44(4) of the SSCBA) to be increased to an amount not less than the standard minimum guarantee for the time being prescribed under section 2(4) and (5)(b) of the State Pension Credit Act 2002.’. John McDonnell
Mr Neil Gerrard Paul Flynn Mr Peter Kilfoyle Mr Frank Field Dr Ian Gibson John Austin Bill Etherington Alan Simpson Mr Martin Caton 12 Page 14, line 33 [Clause 13], at end insert— ‘(4) Each of the increases in the pensionable age set out in Schedule 3 shall take effect only if it appears to the Secretary of State that— (a) by 2024 the average male life expectancy for the poorest decile is 76 or above; (b) by 2034 the average male life expectancy for the poorest decile is 77 or above; and (c) by 2044 the average male life expectancy for the poorest decile is 78 or above.’. John McDonnell
Mr Neil Gerrard Paul Flynn Mr Peter Kilfoyle Mr Frank Field John Austin Dr Ian Gibson 13 Page 14, line 33 [Clause 13], at end insert— ‘(4) Each of the increases in the pensionable age set out in Schedule 3 shall take effect only if approved by resolution of each House of Parliament in the year preceding that in which the increase is to take effect.’. ORDER OF THE HOUSE [16TH JANUARY AND 17TH APRIL 2007] The following provisions shall apply to the Pensions Bill: Committal 1. The Bill shall be committed to a Public Bill Committee. Proceedings in Public Bill Committee 2. Proceedings in the Public Bill Committee shall (so far as not previously concluded) be brought to a conclusion on Thursday 8th February 2007. 3. The Public Bill Committee shall have leave to sit twice on the first day on which it meets. Consideration and Third Reading 4. Proceedings on consideration shall (so far as not previously concluded) be brought to a conclusion one hour before the moment of interruption on the day on which those proceedings are commenced. 5. Proceedings on Third Reading shall (so far as not previously concluded) be brought to a conclusion at the moment of interruption on that day. 6. Standing Order No. 83B (Programming committees) shall not apply to proceedings on consideration and Third Reading. Other proceedings 7. Any other proceedings on the Bill (including any proceedings on consideration of Lords Amendments or on any further messages from the Lords) may be programmed. PENSIONS BILL (PROGRAMME) (NO. 2) Mr Secretary Hutton That the Order of 16th January 2007 (Pensions Bill (Programme)) be varied as follows: 1. Paragraphs 4 and 5 of the Order shall be omitted. 2. Proceedings on consideration shall be taken in the order shown in the first column of the following Table. 3. The proceedings shall (so far as not previously concluded) be brought to a conclusion at the times specified in the second column of the Table.
4. Proceedings on Third Reading shall (so far as not previously concluded) be brought to a conclusion at 7.00 p.m.
Trends in longevity Mr Nigel Waterson
NC8 To move the following Clause:— ‘(1) Beginning in April 2014, the Government Actuary shall present a report to Parliament every five years setting out the latest evidence on trends in longevity. (2) It shall be the duty of the Secretary of State to make a motion in the House of Commons in relation to any report under subsection (1).’. Contracted-out rebates Mr Nigel Waterson
NC10 To move the following Clause:— ‘(1) The Secretary of State shall make a statement to Parliament in each financial year after 6th April 2010 on the use of the revenue that would previously have been assigned to contracted-out rebates for defined contribution schemes. (2) For the purposes of subsection (1) above, the statement shall cover the extent to which the revenue is assigned to promoting saving.’. Judicial review of Government’s rejection of Ombudsman’s report Mr Nigel Waterson
NC23 To move the following Clause:— ‘The Secretary of State shall, no later than the coming into force of this Act, publish his detailed proposals, including full costings, for complying with the judgment of the Hon Mr Justice Bean given on 21st February 2007 in the case of R. v The Secretary of State for Work and Pensions.’. Management of Financial Assistance Scheme Mr David Cameron
NC30 To move the following Clause:— ‘(1) Section 286 of the Pensions Act 2004 (c. 35) is amended as follows. (2) After subsection (1) insert— “(1A) Regulations under subsection (1) must provide for the financial assistance scheme to be managed by the Board of the Pension Protection Fund (‘the Board’). (3) In subsection (3)— (a) omit paragraph (a); (b) in paragraph (b) for “person who manages the financial assistance scheme (“the scheme manager”)” substitute “Board”; (c) in each of paragraphs (c) to (f) for “scheme manager” substitute “Board”.’. Pensions Protection Lifeboat Fund Mr David Cameron
NC31 To move the following Clause:— ‘(1) There shall be established a Pension Protection Lifeboat Fund (“the Lifeboat Fund”) which shall be administered by the Board of the Pension Protection Fund (“the Board”). (2) The purpose of the Lifeboat Fund shall be to make supplementary payments to persons who are qualifying members as defined by the Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986), in addition to the sums payable in any event under that scheme. (3) The supplementary payments made to any person in accordance with subsection (2) shall not exceed an amount that, taken together with amounts payable to that person under the Financial Assistance Scheme and amounts payable to that person as scheme benefits under the qualifying pension scheme in respect of which he is a member of the Financial Assistance Scheme, equals the amount that would be payable to that person if that qualifying pension scheme was accepted into the Pension Protection Fund. (4) The Board shall make such supplementary payments to such persons who are qualifying members of the Financial Assistance Scheme as it considers prudent having regard to— (a) the assets of the Lifeboat Fund from time to time; (b) any anticipated receipt of assets by the Lifeboat Fund; and (c) the objective of making supplementary payments under subsection (2) to all qualifying members of the Financial Assistance Scheme at the maximum level permitted by subsection (3). (5) The assets of the Lifeboat Fund shall be held separately from the assets of any other fund under the control of the Board. (6) The Secretary of State may by regulations make further provision in connection with the Lifeboat Fund. (7) A statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of either House of Parliament.’. Unclaimed Assets Agency Mr David Cameron
NC32 To move the following Clause:— ‘(1) There shall be a body called the Unclaimed Assets Agency (“the Agency”). (2) The Agency must be established no later than three months after the passing of this Act. (3) The Agency shall consist of not less than six nor more than twelve members to be appointed by the Secretary of State, and the Secretary of State shall appoint one member to be the chairman, and another member to be a deputy chairman, of the Agency. (4) In appointing a person to be a member of the Agency, the Secretary of State shall have regard to the desirability of appointing persons who have knowledge of, or experience relating to, matters relevant to the functions of the Agency. (5) A member of the Agency may hold office for such a period as the Secretary of State may determine, but not exceeding— (a) six years, in the case of the chairman, and (b) four years, in the case of other members. (6) The Secretary of State may make payments to the members of the Agency by way of remuneration and make payments to them in respect of expenses incurred by them in the performance of their duties. (7) The Secretary of State may also defray any other expenses of the Agency.’. Functions of the Unclaimed Assets Agency Mr David Cameron
NC33 To move the following Clause:— ‘The functions of the Agency are— (a) to obtain such information about unclaimed assets as may be prescribed by the Secretary of State by regulations; (b) to provide the Secretary of State with that information and any other related information held by the Agency which the Secretary of State may from time to time require; (c) to administer the scheme to be established by virtue of section [Transfer of unclaimed assets].’. Unclaimed Assets Agency: provision of information Mr David Cameron
NC34 To move the following Clause:— ‘(1) Subject to subsection (2) below, the Agency may, by notice, require any person to supply it, within a specified period or at a specified time or times, such specified information as the Agency considers it needs for the purposes of carrying out its functions under section [Functions of the Unclaimed Assets Agency]. (2) This section does not authorise any requirement in relation to information to be imposed on a bank or building society unless it carries on a business in the United Kingdom; but a requirement may be imposed under this subsection on a bank or building society in relation to information in the possession or control of a connected undertaking outside the United Kingdom. (3) Any person who, when required to do so under this section, fails without reasonable excuse to supply any information, shall be liable on summary conviction— (a) to a fine not exceeding level 5 on the standard scale; and (b) in the case of a continuing offence, to an additional fine not exceeding £200 for every day during which the offence continues. (4) Any person who knowingly or recklessly supplies any information which is false or misleading shall be liable— (a) on conviction on indictment, to imprisonment for a term not exceeding two years, or to a fine, or both; and (b) on summary conviction, to a fine not exceeding the statutory maximum. (5) For the purposes of this section— “bank” has the meaning given in section 840A of the Income and Corporation Taxes Act 1988 (c. 1) (banks); “building society” means a building society within the meaning of the Building Societies Act 1986 (c. 53).’. |
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