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45

 

House of Commons

 
 

Tuesday 19th February 2008

 

Public Bill Committee Proceedings

 

Pensions Bill


 

[seventeenth and eighteenth Sittings]


 

Clause 82 Agreed to.

 

Mr Mike O’Brien

 

Agreed to  164

 

Clause  83,  page  39,  line  28,  after first ‘order’, insert ‘or provision’.

 

Mr Mike O’Brien

 

Agreed to  165

 

Clause  83,  page  39,  line  28,  at end insert ‘, or provision contained in a qualifying

 

agreement,’.

 

Mr Mike O’Brien

 

Agreed to  166

 

Clause  83,  page  39,  line  30,  after ‘order’ insert ‘or provision’.

 

Mr Mike O’Brien

 

Agreed to  167

 

Clause  83,  page  39,  line  31,  after ‘order’ insert ‘or provision’.

 

Mr Mike O’Brien

 

Agreed to  168

 

Clause  83,  page  39,  line  33,  at end insert ‘or provision’.

 

Clause, as amended, Agreed to.

 


 

Mr Mike O’Brien

 

Agreed to  169

 

Clause  84,  page  40,  line  10,  at end add—

 

‘(f)    

a pension compensation sharing order under section 8 of the Family Law

 

(Scotland) Act 1985 (c. 37) (orders for financial provision);

 

(g)    

any provision corresponding to provision which may be made by such an

 

order, and which—


 
 

Public Bill Committee Proceedings: 19th February 2008      

46

 

Pensions Bill, continued

 
 

(i)    

is contained in a qualifying agreement between the parties to a

 

marriage or the partners in a civil partnership,

 

(ii)    

is in such form as the Secretary of State may prescribe by

 

regulations, and

 

(iii)    

takes effect on the grant, in relation to the marriage, of decree of

 

divorce or a declarator or nullity or (as the case may be) on the

 

grant, in relation to the civil partnership, of decree of dissolution

 

or of declarator of nullity,

 

    

except where the provision relates to the same rights to PPF

 

compensation as are the subject of an order made under section 12B(2)

 

of the Family Law (Scotland) Act 1985 (c. 37) (order for payment of

 

capital sum: pension compensation).

 

(2)    

For the purposes of this Chapter, a qualifying agreement is an agreement which—

 

(a)    

has been entered into in such circumstances as the Secretary of State may

 

prescribe by regulations, and

 

(b)    

is registered in the Books of Council and Session.’.

 

Clause, as amended, Agreed to.

 


 

Mr Mike O’Brien

 

Agreed to  170

 

Clause  85,  page  40,  line  18,  after ‘order’ insert ‘or provision’.

 

Clause, as amended, Agreed to.

 

Clause 86 Agreed to.

 


 

Mr Mike O’Brien

 

Agreed to  171

 

Clause  87,  page  41,  line  6,  after ‘order’ insert ‘or provision’.

 

Clause, as amended, Agreed to.

 

Clause 88 Agreed to.

 


 

Mr Nigel Waterson

 

Andrew Selous

 

Mr Stewart Jackson

 

Miss Julie Kirkbride

 

Mr John Greenway

 

Withdrawn  7

 

Clause  89,  page  41,  line  17,  leave out ‘4 months’ and insert ‘2 months.’.


 
 

Public Bill Committee Proceedings: 19th February 2008      

47

 

Pensions Bill, continued

 
 

Mr Mike O’Brien

 

Agreed to  172

 

Clause  89,  page  41,  line  24,  after ‘order’ insert ‘or provision’.

 

Clause, as amended, Agreed to.

 


 

Mr Nigel Waterson

 

Andrew Selous

 

Mr Stewart Jackson

 

Miss Julie Kirkbride

 

Mr John Greenway

 

Withdrawn  8

 

Clause  90,  page  41,  line  39,  at end insert ‘and transferor.’.

 

Mr Nigel Waterson

 

Andrew Selous

 

Mr Stewart Jackson

 

Miss Julie Kirkbride

 

Mr John Greenway

 

Not called  9

 

Clause  90,  page  42,  line  12,  leave out subsection (8).

 

Clause Agreed to.

 

Schedule 4 Agreed to.

 


 

Mr Nigel Waterson

 

Andrew Selous

 

Mr Stewart Jackson

 

Miss Julie Kirkbride

 

Mr John Greenway

 

Not called  10

 

Clause  91,  page  42,  line  24,  leave out paragraph (a).

 

Mr Mike O’Brien

 

Agreed to  173

 

Clause  91,  page  42,  line  32,  after ‘order’ insert ‘or provision’.

 

Mr Mike O’Brien

 

Agreed to  174

 

Clause  91,  page  42,  line  32,  after ‘provision’ insert ‘(“provision for

 

apportionment”)’.

 

Mr Mike O’Brien

 

Agreed to  175

 

Clause  91,  page  42,  line  34,  at end insert ‘for apportionment’.


 
 

Public Bill Committee Proceedings: 19th February 2008      

48

 

Pensions Bill, continued

 
 

Mr Mike O’Brien

 

Agreed to  176

 

Clause  91,  page  42,  line  35,  after ‘order’ insert ‘or provision’.

 

Mr Mike O’Brien

 

Agreed to  177

 

Clause  91,  page  42,  line  35,  leave out ‘such provision’ and insert ‘provision for

 

apportionment’.

 

Mr Mike O’Brien

 

Agreed to  178

 

Clause  91,  page  42,  line  39,  at end insert ‘or provision’.

 

Clause, as amended, Agreed to.

 


 

Mr Mike O’Brien

 

Agreed to  179

 

Clause  92,  page  43,  line  10,  at end insert—

 

‘(iv)    

orders for financial provision under section 8 of the Family Law

 

(Scotland) Act 1985 (c. 37) (orders for financial provision);

 

(v)    

provision as to pension sharing, or pension compensation

 

sharing, that is contained in an agreement that is a qualifying

 

agreement for the purposes of section 28(1)(b) and (c) of the

 

Welfare Reform and Pensions Act 1999 (c. 30) (activation of

 

pension sharing) or this Chapter.’.

 

Clause, as amended, Agreed to.

 

Clause 93 Agreed to.

 


 

Mr Mike O’Brien

 

Agreed to  180

 

Clause  94,  page  43,  line  31,  leave out ‘has’ and insert ‘and Schedule [Pension

 

compensation on divorce etc: Scotland] (which amends in relation to pension

 

compensation sharing orders similar legislation applying in Scotland) have’.

 

Clause, as amended, Agreed to.

 

Schedule 5 Agreed to.

 

Clauses 95 and 96 Agreed to.

 

Schedule 6 Agreed to.

 

Clauses 97 and 98 Agreed to.

 

Schedule 7 Agreed to.


 
 

Public Bill Committee Proceedings: 19th February 2008      

49

 

Pensions Bill, continued

 
 

Clauses 99 to 108 Agreed to.

 


 

Mr Mike O’Brien

 

Agreed to  189

 

Schedule  8,  page  87,  line  33,  at end insert—

 

‘Part 2A

 

Financial assistance scheme

 

Title

Extent of repeal

 
 

Pensions Act 2004 (c. 35)

In section 286(2) the definition of “scheme’s pension

 
  

liabilities” and the words from “and a qualifying

 
  

pension scheme” to the end.’.

 
 

Mr Mike O’Brien

 

Agreed to  181

 

Schedule  8,  page  87,  line  40,  at end insert—

 

Family Law (Scotland) Act 1985 (c. 37)

Section 8(4A).’

 
 

Mr Nigel Waterson

 

Andrew Selous

 

Mr Stewart Jackson

 

Mr John Greenway

 

Miss Julie Kirkbride

 

Withdrawn  137

 

Schedule  8,  page  88,  line  16,  at end add—

 

‘Part 5

 

Removal of annuity protection lumpsum death benefit

 

Citation

Extent of repeal

 
 

Finance Act 2004 (c.12)

In Schedule 29 paragraph 16(1)(a).’.

 
 

Mr Mike O’Brien

 

Agreed to  190

 

Schedule  8,  page  88,  line  16,  at end insert—

 

Pensions Act 1995 (c. 26)

In section 7(3), at the end of paragraph (b), the word

 
  

“or”.’.

 
 

Schedule, as amended, added to the Bill

 



 
 

Public Bill Committee Proceedings: 19th February 2008      

50

 

Pensions Bill, continued

 
 

Mr Mike O’Brien

 

Agreed to  187

 

Clause  109,  page  48,  line  12,  leave out ‘61’ and insert ‘60’.

 

Mr Mike O’Brien

 

Agreed to  191

 

Clause  109,  page  48,  line  13,   at end insert—

 

‘(ca)    

section [Appointment of trustees];’.

 

Mr Mike O’Brien

 

Agreed to  188

 

Clause  109,  page  48,  line  14,  at end insert ‘and Schedule 8’.

 

Mr Mike O’Brien

 

Agreed to  192

 

Clause  109,  page  48,  line  14,  at end insert—

 

‘(3A)    

Section [Appointment of trustees] comes into force at the end of the period of 2

 

months beginning with the day on which this Act is passed.’.

 

Clause, as amended, Agreed to.

 

Clauses 110 and 111 Agreed to.

 


 

NEW CLAUSES

 

Workers without qualifying earnings

 

Mr Mike O’Brien

 

Added  NC8

 

To move the following Clause:—

 

‘(1)    

This section applies to a worker—

 

(a)    

to whom paragraphs (a) and (b) of section 1(1) apply (working in Great

 

Britain and aged between 16 and 75),

 

(b)    

to whom paragraph (c) of section 1(1) does not apply (qualifying

 

earnings), and

 

(c)    

who is not an active member of a pension scheme that satisfies the

 

requirements of this section.

 

(2)    

The worker may by notice require the employer to arrange for the worker to

 

become an active member of a pension scheme that satisfies the requirements of

 

this section.

 

(3)    

The Secretary of State may by regulations make provision—

 

(a)    

about the form and content of the notice;

 

(b)    

about the arrangements that the employer is required to make;

 

(c)    

for determining the date with effect from which the worker is (subject to

 

compliance with any requirements of the scheme rules) to become an

 

active member under the arrangements.


 
 

Public Bill Committee Proceedings: 19th February 2008      

51

 

Pensions Bill, continued

 
 

(4)    

Subsections (5) and (6) apply where a worker becomes an active member of a

 

pension scheme in pursuance of a notice under this section and, within the period

 

of 12 months beginning with the day on which that notice was given—

 

(a)    

ceases to be an active member of that scheme because of any action or

 

omission by the worker, and

 

(b)    

gives the employer a further notice under this section.

 

(5)    

The further notice does not have effect to require the employer to arrange for the

 

worker to become an active member of a pension scheme.

 

(6)    

But any arrangements the employer makes for the worker to become, within that

 

period, an active member of a pension scheme that satisfies the requirements of

 

this section must be made in accordance with regulations under this section.

 

(7)    

A pension scheme satisfies the requirements of this section if—

 

(a)    

it is an occupational pension scheme or a personal pension scheme,

 

(b)    

it is registered under Chapter 2 of Part 4 of the Finance Act 2004 (c. 12),

 

and

 

(c)    

in the case of a personal pension scheme, there are, in relation to the

 

worker concerned, direct payment arrangements (within the meaning of

 

section 111A of the Pension Schemes Act 1993 (c. 48)) between the

 

worker and the employer.’.

 


 

Transitional periods for money purchase and personal pension schemes

 

Mr Mike O’Brien

 

Added  nc12

 

To move the following Clause:—

 

‘(1)    

During the first transitional period for money purchase and personal pension

 

schemes—

 

(a)    

sections 18(1)(b) and 24(3)(b) have effect as if for “3%” there were

 

substituted “1%”;

 

(b)    

sections 18(1)(c) and 24(4)(b) have effect as if for “8%” there were

 

substituted “2%”.

 

(2)    

The first transitional period is a prescribed period of at least one year, beginning

 

with the coming into force of section 18.

 

(3)    

During the second transitional period for money purchase and personal pension

 

schemes—

 

(a)    

sections 18(1)(b) and 24(3)(b) have effect as if for “3%” there were

 

substituted “2%”.

 

(b)    

sections 18(1)(c) and 24(4)(b) have effect as if for “8%” there were

 

substituted “5%”.

 

(4)    

The second transitional period is a prescribed period of at least one year,

 

beginning with the end of the first transitional period.’.

 



 
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