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Pensions Bill

12

 
 

(a)    

must be made as soon as is reasonably practicable after the passing

 

of this Act;

 

(b)    

may make such consequential, incidental, supplemental or

 

transitional provision as the Secretary of State considers

 

appropriate.

 

(5)    

A statutory instrument containing regulations under this section is subject

 

to annulment in pursuance of a resolution of either House of Parliament.

 

(6)    

In this section “occupational pension scheme”, “qualifying member”,

 

“qualifying pension scheme” and “scheme manager” have the same

 

meanings as in section 286 of the Pensions Act 2004 (c. 35).”

Clause 28

22C

Page 26, line 36, at end insert “and section (Temporary restriction on purchase of

 

annuities)”

Clause 29

22D

Page 27, line 10, at end insert “and section (Temporary restriction on purchase of

 

annuities)”

 

MOTION E

 

 

(LORDS AMENDMENT NO. 28)

Before Clause 23

LORDS AMENDMENT NO. 28

28

Insert the following new Clause—

 

“Post-legislative scrutiny

 

Four years after the passing of this Act the Secretary of State shall arrange

 

for post-legislative scrutiny of this Act to check on its operation and may

 

arrange subsequent scrutiny.”

 

COMMONS DISAGREEMENT AND REASON

 

The Commons disagree to Lords Amendment No. 28 for the following Reason—

28A

Because the Commons consider that imposing an obligation on the Secretary of State to

 

arrange for post-legislative scrutiny is unnecessary.

 

MOTION E

E

Lord McKenzie of Luton to move, That this House do not insist on its Amend­

 

ment 28 to which the Commons have disagreed for their Reason 28A, but do pro­

 

pose the following amendments in lieu thereof

28B

Insert the following new Clause—


 
 

Pensions Bill

13

 
 

         

“Review of operation of Act

 

(1)    

The Secretary of State must, before the end of 2017, prepare a report on the

 

operation of the provisions of this Act.

 

(2)    

The Secretary of State may prepare subsequent reports on the operation of

 

the provisions of this Act.

 

(3)    

The Secretary of State must lay a copy of any report prepared under this

 

section before Parliament.”

Clause 28

28C

Page 26, line 38, at end insert—

 

“( )    

But section (Review of operation of Act) extends to Northern Ireland in

 

accordance with subsection (1) only as respects the provisions of this Act

 

extending there.”

 

MOTION E1

E1

Lord Fowler to move, as an amendment to Motion E, leave out from “House” to

 

end and insert “do insist on its Amendment 28”.


 
 

Pensions Bill

14


 
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