House of Commons Public Bill Committee Proceedings

House of Commons

Session 2007 - 08
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Other Bills before Parliament

13

House of Commons

Thursday 24th January 2008

Public Bill Committee Proceedings

Pensions Bill

[seventh and eighth Sittings]

Mr Mike O’Brien

Agreed to  123

Clause  8,  page  5,  line  2,  at end insert—

‘( )
for all workers to whom section [Workers without qualifying earnings]

applies to be given information about the effect of that section in relation

to them;’.

Danny Alexander

Paul Rowen

Withdrawn  83

Clause  8,  page  5,  line  7,  leave out paragraph (c) and insert—

‘(c)
that every jobholder shall be entitled to one-to-one generic advice either

by phone or in person;

(d)
that the advice shall be publicly funded; and

(e)
that the advice shall be independent’.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Miss Julie Kirkbride

Mr John Greenway

Not called  16

Clause  8,  page  5,  line  7,  at end add—

‘(3)
The information so given must include whether the jobholder is likely to benefit

by reason of being auto-enrolled.

(4)
For the purposes of this section ‘benefit’ shall be defined as the jobholder

recovering all contributions to the scheme as well as an additional return the

extent of which the Secretary of State shall by regulation define.’.

Danny Alexander

Paul Rowen

Not selected  84

Clause  8,  page  5,  line  7,  at end add—

Public Bill Committee Proceedings: 24th January 2008
14

Pensions Bill, continued

‘(3)
An order by which Section 50(1) comes into force at any time may not be made

before the establishment of a network of independent financial advice centres.’.

Danny Alexander

Paul Rowen

Not called  85

Clause  8,  page  5,  line  7,  at end add—

‘(3)
The funding for information provided under subsection (1) must be equivalent in

value to no less than 0.05% of all money saved through the personal accounts

scheme.’.

Clause, as amended, Agreed to.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Mr John Greenway

Miss Julie Kirkbride

Not selected  135

Clause  9,  page  5,  line  8,  at end insert ‘or HM Revenue and Customs’.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Mr John Greenway

Miss Julie Kirkbride

Withdrawn  136

Clause  9,  page  5,  line  10,  after ‘Regulator’, insert ‘or HM Revenue and Customs’.

Mr Mike O’Brien

Agreed to  124

Clause  9,  page  5,  line  12,  at end insert ‘and [Workers without qualifying

earnings]’.

Clause, as amended, Agreed to.

Mr Mike O’Brien

Agreed to  125

Clause  10,  page  5,  line  24,  leave out from ‘that’ to ‘until’ in line 26 and insert

‘sections 2 to 7 and [Workers without qualifying earnings] do not apply in the case an

employer of any description’.

Mr Mike O’Brien

Agreed to  138

Clause  10,  page  5,  line  28,  leave out subsection (2).

Public Bill Committee Proceedings: 24th January 2008
15

Pensions Bill, continued

Clause, as amended, Agreed to.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Miss Julie Kirkbride

Mr John Greenway

Withdrawn  17

Clause  11,  page  6,  line  4,  leave out ‘wages, commission, bonuses and overtime’

and insert ‘and wages’.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Miss Julie Kirkbride

Mr John Greenway

Not called  18

Clause  11,  page  6,  line  11,  leave out paragraph (f).

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Miss Julie Kirkbride

Mr John Greenway

Not called  19

Clause  11,  page  6,  line  11,  at end add—

‘(4)
For the purposes of scheme contributions by and on behalf of members of a

qualifying scheme other than that established by Chapter 4 of this Act,

subsections 11(1) to (3) may be disregarded if contributions are calculated and

made in relation to the individual’s basic earnings.’.

Clause Agreed to.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Miss Julie Kirkbride

Mr John Greenway

Withdrawn  20

Clause  12,  page  6,  line  15,  leave out subsection (2).

Danny Alexander

Paul Rowen

Not called  86

Clause  12,  page  6,  line  15,  leave out from first ‘in’ to end of line 16 and insert ‘the

value of the amounts in—

Public Bill Committee Proceedings: 24th January 2008
16

Pensions Bill, continued

(a)
section 11(1)(a) are to be assessed in a way that the Secretary of State

finds appropriate and which has been approved by resolution of both

Houses of Parliament; and

(b)
section 11(1)(b) are to be in line with earnings’.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Miss Julie Kirkbride

Mr John Greenway

Not called  21

Clause  12,  page  6,  line  17,  leave out ‘may in particular’ and insert ‘shall’.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Mr John Greenway

Miss Julie Kirkbride

Not called  73

Clause  12,  page  6,  line  17,  leave out subsection (3).

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Mr John Greenway

Miss Julie Kirkbride

Not called  74

Clause  12,  page  6,  line  21,  leave out subsection (4).

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Mr John Greenway

Miss Julie Kirkbride

Not called  75

Clause  12,  page  6,  line  24,  at end add—

‘(4A)
If the average earnings index (including bonuses) for the whole economy for

September of a 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

amount mentioned in section 11(1)(a) and (b), increasing each amount, if the new

index is higher, by the same percentage as the amount of the increase of the

index.’.

Danny Alexander

Paul Rowen

Not called  87

Clause  12,  page  6,  line  24,  at end add—

‘(5)
The Secretary of State shall report annually on the effect of changes to the

qualifying earnings on the impact of means-tested benefits on members of the

scheme establised under section 50.’.

Public Bill Committee Proceedings: 24th January 2008
17

Pensions Bill, continued

Clause Agreed to.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Miss Julie Kirkbride

Mr John Greenway

Withdrawn  22

Clause  13,  page  6,  line  27,  leave out from beginning to ‘twelve’ in line 28.

Clause Agreed to.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Miss Julie Kirkbride

Mr John Greenway

Withdrawn  2

Clause  14,  page  7,  line  9,  leave out paragraph (c).

Danny Alexander

Paul Rowen

Not called  88

Clause  14,  page  7,  line  10,  at end add—

‘(3)
Every employer must register their qualifying pension scheme with the

regulator.’.

Clause Agreed to.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Miss Julie Kirkbride

Mr John Greenway

Withdrawn  3

Clause  15,  page  7,  line  22,  leave out ‘or to provide any information’.

Clause Agreed to.

Public Bill Committee Proceedings: 24th January 2008
18

Pensions Bill, continued

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Miss Julie Kirkbride

Mr John Greenway

Withdrawn  4

Clause  16,  page  7,  line  33,  leave out paragraph (c).

Clause Agreed to.

Mr Nigel Waterson

Andrew Selous

Mr Stewart Jackson

Miss Julie Kirkbride

Mr John Greenway

Not called  5

Clause  17,  page  7,  line  40,  at end add—

‘(c)
is prescribed or is of a prescribed description and that has its main

administration elsewhere than in an EEA State.

Clause Agreed to.

[Adjourned till Tuesday 29th January at 10.30 a.m.