Pension Schemes Bill [HL]

My Lords, in moving Amendment 1 I will speak also to Amendment 34. The latter seeks to insert int...

I thank the noble Lord, Lord McKenzie, and the noble Baroness, Lady Sherlock, for tabling these a...

I thank the Minister for that full reply. We never intended to press the amendments anyway. As I ...

I thank the noble Lord for the observations he has made. I am thrilled that noble Lords agree tha...

I thank the Minister for that. I stress, in agreeing about the success of auto-enrolment, that it...

Moved by

Lord Sharkey

2: Clause 9, page 5, line 37, at end insert—

“( ) that th...

My Lords, this is a probing amendment to allow discussion of the intergenerational fairness of CD...

My Lords, I rise to support Amendments 2 and 7 and speak to my Amendment 6.

Intergeneration...

My Lords, I support all three amendments. I have added my name to Amendment 2 —so excellently mov...

My Lords, like others, I speak in favour of all three amendments. In fact, I signed Amendments 6 ...

My Lords, I too signed Amendment 2, which my noble friend Lord Sharkey so ably introduced. I will...

My Lords, it will be very important to address these issues because I suspect that CDCs will beco...

This has been a good debate. I think we are minded to support this measure. I am not very clear i...

I thank noble Lords for tabling these amendments linked to fairness. Concerns about fairness ofte...

I would like to intervene at this point because a lot has been spoken about. When there is a calc...

The noble Baroness is renowned for her forensic abilities. I am advised that we will need to writ...

My Lords, I am grateful for the Minister’s explanation and for her invitation to discuss the issu...

Moved by

Lord McKenzie of Luton

3: Clause 14, page 9, line 8, after “scheme”, insert ...

My Lords, I move Amendment 3 on behalf of my noble friend Lady Drake, whose expertise noble Lords...

I thank noble Lords for tabling the amendments. I turn first to the proposed amendments to Clause...

I thank my noble friend. Before we finish on this topic, I hear what is being said but what I was...

I thank my noble friend for her intervention. My understanding is that CDC schemes are obviously ...

I should like to ask one or two questions about the buffer concept. It seemed to me that a lot of...

May I, too, seek clarification? I was not entirely sure what the Minister was saying about where ...

I shall turn first to the point raised by the noble Lord, Lord Sharkey. The funding of future inf...

So could it never be the case that in the event of a triggering event, such as a wind-up, an empl...

Noble Lords must forgive me for turning to my friends. This is my first Bill. The answer to that ...

Now I am confused. In the previous group, when we were talking in anticipation about buffers and ...

I think this is a language question. The problem that my noble friend Lady Drake raised at Second...

I hope I can intervene helpfully. This is allied to the issue of data. If a scheme has to wind up...

Let me try to be helpful and to placate noble Lords on this: money needed to wind up should come ...

But the scheme does not include a buffer and I am still not clear about the money. If it is going...

I think the original question was around the consultation we are going to do on this. This will b...

I think this shows that it is important that we understand what the statutory instruments in this...

On a final point of clarification, if I have heard the Minister correctly—and I will read the rec...

I am advised that we are confident that that will be the case.

In that case, I seek clarification on what would happen if the employer became insolvent. There w...

In the absence of knowledge in this area I have had to resort to listening to the debate. I think...

Our job is to give noble Lords comfort and to clarify matters, which we must do. I am advised tha...

Would the Minister be kind enough to write in any case, clarifying the helpful points that she ha...

I am happy to make sure that that happens.

I beg leave to withdraw the amendment.

Moved by

Lord Sharkey

8: Clause 18, page 11, line 34, leave out subsection (4)

My Lords, I shall speak also to Amendment 14 as well as to my clause stand part Motion.

Ame...

My Lords, I support the amendment. My noble friend Lord Sharkey raised this matter at Second Read...

My Lords, perhaps I might make a general comment. I support the way in which the noble Lord, Lord...

The noble Lord, Lord Sharkey, has made a powerful case on these provisions and we look to support...

My Lords, I recognise the expressed concerns over the regulation-making powers in Part 1 of the B...

I have a question regarding the first-time affirmative point. I think the Minister said that the ...

I thank the noble Lord for that important point, which we will certainly consider.

Before I come to the meat of the matter, may I ask what it means to “confer discretion” on a pers...

It would be very helpful if the noble Lord would repeat that for my officials.

I am delighted to repeat it. What does it mean to “confer discretion” on a person?

As I understand it, it means to delegate powers.

If that is what it means, and I am sure it does, then we are giving the absolute, unrestricted au...

Moved by

Lord Young of Cookham

9: Clause 25, page 17, line 26, at end insert—

“...

My Lords, Amendment 9, which is tabled in my name and that of my noble friend Lady Altmann, seeks...

I support my noble friend’s proposed amendment. He has raised an important issue here. Once again...

My Lords, I say in support that, if I were a trustee of a pension scheme, and one, two or more pe...

My Lords, we should thank the noble Lord, Lord Young, for bringing this amendment which, as he sa...

My Lords, this amendment would mean that a member of a CDC scheme would be unable to transfer the...

My Lords, we are inching towards the solution that I was after. I think I heard my noble friend s...

Moved by

Lord Hutton of Furness

10: After Clause 28, insert the following new Clause—...

My Lords, the provisions in the Bill dealing with the authorisation of CDCs are based on the equi...

My Lords, I have put my name to this amendment for the clear reasons that have just been stated. ...

There is nothing that needs to be added; it has already been said. I just want it to be noted tha...

I thank noble Lords for raising these amendments that relate to events which can occur in an auth...

I thank the Minister for her comprehensive explanation of why it may not be necessary to add what...

I thank the noble Lord for his question. I am advised that we will write to him with the answer.<...

My Lords, I am grateful to the Minister for her response but something is still not clear to me. ...

The noble Lord is absolutely right. It is extraordinary that one group has a lot of requirements ...

On the first point made by the noble Lord, Lord Hutton, we will write to clarify things. We have ...

I beg leave to withdraw the amendment.

Moved by

Baroness Bennett of Manor Castle

12: Clause 46, page 37, line 14, at end ins...

I ask your Lordships to note that this is the first time I have tabled an amendment in Committee,...

My Lords, I thank the noble Baroness, Lady Bennett of Manor Castle, for raising this issue and fo...

My Lords, the two amendments tabled by the noble Baroness, Lady Bennett, to Clauses 46 and 119, b...

I thank the Minister for her response. She referred to the fit and proper persons test. I am not ...

Moved by

Lord Vaux of Harrowden

13: Clause 46, page 37, line 14, at end insert—