Pensions Bill

moved, as an amendment to Amendment No. 78B, Amendment No. 78G: 78G: Before Schedule 9, leave out line 54 The noble Lord said: I shall also speak to Amendments Nos. 78H and 78AA. In each case I have two questions. First, what does the Minister envisage doing with these powers? Secondly, can he assure me that an act by the person, even if it is judged many years later by the regulator, will be judged in relation to the law as it then subsisted? In other words, will there be no trace of retrospection left in these powers? Amendment No. 78G would remove proposed new Section 38A(4)(g), which I should have thought the Minister would be inclined to accept as the regulations in line 89 of the proposed new section could do that job just as well. There is a duplication of regulation-making powers. It is important that the changes are made in a clear and open way so that everyone knows what is happening and no one is caught by surprise. I am seeking clarification and explanation more than listening to myself going on. I beg to move.