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House of Lords		 Session 2006 - 07
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Pensions Bill

 

Pensions Bill

 

[AS AMENDED IN COMMITTEE]

 
 

Contents

Part 1

State pension

Entitlement to Category A and B retirement pensions

1   

Category A and B retirement pensions: single contribution condition

2   

Category B retirement pension: removal of restriction on entitlement

Credits for basic state pension

3   

Contributions credits for relevant parents and carers

Abolition of adult dependency increases

4   

Category A and C retirement pensions: abolition of adult dependency

increases

Up-rating of basic state pension and other benefits

5   

Up-rating of basic pension etc. and standard minimum guarantee by

reference to earnings

6   

Preservation of link with prices in case of other benefits

7   

Removal of link between lower earnings limit and basic pension

8   

Removal of link between lower earnings limit and basic pension: Northern

Ireland

Additional pension: deemed earnings factors

9   

Deemed earnings factors for purposes of additional pension

Additional pension: simplification of accrual rates

10   

Additional pension: removal of accrual band from 2010-11

11   

Additional pension: simplified accrual rates as from flat rate introduction

year

12   

Additional pension: upper accrual point

 

HL Bill 77                                                                                              

54/2

 

 

Pensions Bill

ii

 

Increase in state pension age

13   

Increase in pensionable age for men and women

Part 2

Occupational and personal pension schemes

Contracting-out

14   

Conversion of guaranteed minimum pensions

15   

Abolition of contracting-out for defined contribution pension schemes

Dispute resolution

16   

Dispute resolution arrangements

Actuarial guidance

17   

Removal of Secretary of State’s role in approving actuarial guidance

Financial Assistance Scheme

18   

Financial assistance scheme: increased levels of payments

19   

Minimum retirement income

20   

Retirement income fund

21   

Withdrawal from a retirement income fund

22   

Financial assistance scheme: scheme manager

23   

Financial assistance scheme: qualifying pension schemes

24   

Pension Protection Lifeboat Fund

25   

Pensions Unclaimed Assets Recovery Agency

26   

Functions of Pensions Unclaimed Assets Recovery Agency

27   

Pensions Unclaimed Assets Recovery Agency: provision of information

28   

Transfer of unclaimed assets

29   

Purchase of annuities

30   

Duty to make on-account payments

31   

Financial Assistance Scheme: payment

Part 3

Personal Accounts Delivery Authority

32   

Personal Accounts Delivery Authority

33   

Initial function of the Authority

34   

Management of the Authority

35   

Winding up of the Authority

Part 4

General

36   

Orders and regulations

37   

Interpretation

38   

Consequential etc. provision, repeals and revocations

39   

Financial provisions

 

 

Pensions Bill

iii

 

40   

Extent

41   

Commencement

42   

Short title

Schedule 1   —   

State pension: consequential and related amendments

Part 1   —   

Category A and B retirement pensions: single contribution

condition

Part 2   —   

Category B retirement pension: removal of restriction on

entitlement

Part 3   —   

Contributions credits for relevant parents and carers

Part 4   —   

Category A and Category C retirement pensions: abolition of

adult dependency increases

Part 5   —   

Up-rating of basic pension etc. and standard minimum

guarantee by reference to earnings

Part 6   —   

Deemed earnings factors for purposes of additional pension

Part 7   —   

Additional pension: simplified accrual rates

Part 8   —   

Increase in pensionable age for men and women

Schedule 2   —   

Additional pension: simplified accrual rates

Part 1   —   

New Schedule 4B to the SSCBA

Part 2   —   

Revaluation of flat rate accrual amount

Part 3   —   

Consequential and related amendments

Schedule 3   —   

Increase in pensionable age for men and women

Schedule 4   —   

Abolition of contracting-out for defined contribution pension

schemes

Part 1   —   

Amendments having effect as from abolition date

Part 2   —   

Further amendments

Part 3   —   

Savings

Schedule 5   —   

Removal of Secretary of State’s role in approving actuarial

guidance

Schedule 6   —   

The Personal Accounts Delivery Authority

Part 1   —   

Members and employees etc.

Part 2   —   

Proceedings etc.

Part 3   —   

Money

Part 4   —   

Supplementary

Schedule 7   —   

Repeals and revocations

Part 1   —   

Category B retirement pension: removal of restriction on

entitlement

Part 2   —   

Category A and C retirement pensions: abolition of adult

dependency increases

Part 3   —   

Removal of link between lower earnings limit and basic

pension

Part 4   —   

Additional pension: simplified accrual rates

Part 5   —   

Abolition of contracting-out for defined contribution pension

schemes: repeals having effect on abolition date

Part 6   —   

Abolition of contracting-out for defined contribution pension

schemes: further repeals

Part 7   —   

Removal of annuity protection lump sum death benefit

Part 8   —   

Removal of Secretary of State’s role in approving actuarial

guidance

 

 

 
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