I thank the Minister for those further clarifications. They are helpful, although they trigger one or two queries. Any further clarity that can be provided in writing would certainly be helpful. I interpreted what the Minister said as the Government putting on record that if they seek to exercise their powers under Clause 17, they will consult the trustees. That is helpful.
My point about the Crown guarantee was that after the transfer of liabilities or accrued rights to the new pension scheme, there remains a Royal Mail pension scheme with either liabilities or accruing liabilities, and it will remain an occupational pension scheme. I sought to clarify whether the Secretary of State would not exercise any powers over that remaining pension scheme in a way that undermined the protections afforded to the Royal Mail pension scheme under the normal range of occupational regulations. That was a key point.
The Minister’s clarifications have been helpful. Ambiguities remain and I am sure that they will be the subject of further discussion. Any clarity that can be given to my noble friend Lord Young on what happens before the transfer would be helpful. I beg leave to withdraw the amendment.
Amendment 24EB withdrawn.
Clause 16 agreed.
Clause 17 : Division of the RMPP into different sections
Amendment 24EC
Clause 17 : Division of the RMPP into different sections
Amendment 24EC
Tabled by
Postal Services Bill
Proceeding contribution from
Baroness Drake
(Labour)
in the House of Lords on Wednesday, 6 April 2011.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Postal Services Bill.
About this proceeding contribution
Reference
726 c1743-4 Session
2010-12Chamber / Committee
House of Lords chamberSubjects
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2023-12-15 15:32:50 +0000
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