I thank the Minister for that response. I hope that the Government will take away a lot of these issues. There has been an assumption that drafting a Bill with huge regulation-making powers is the most satisfactory way to proceed and, from the Government’s perspective, clearly it is. But from the perspective of the potential account providers, the more flexibility the Government have, the greater their ability to change the terms of business after people have made an initial decision. That may prevent people from making a decision if there is too much uncertainty or it may cause a lot of difficulty after the scheme has started. I hope that the Minister will look again at this and at some of the other issues that we discussed at our first Committee sitting. I beg leave to withdraw the amendment.
Amendment 36 withdrawn.
Saving Gateway Accounts Bill
Proceeding contribution from
Baroness Noakes
(Conservative)
in the House of Lords on Tuesday, 21 April 2009.
It occurred during Debate on bills
and
Committee proceeding on Saving Gateway Accounts Bill.
About this proceeding contribution
Reference
709 c360GC Session
2008-09Chamber / Committee
House of Lords Grand CommitteeSubjects
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