Moved by
Viscount Younger of Leckie
8: Clause 5, page 5, line 42, leave out from “which” to “or” in line 43 and insert “a remediable service statement is first provided in respect of the member”
Member’s explanatory statement
This amendment ensures that the definition is apt for a case in which the member to whom a remediable service statement relates has died.
9: Clause 5, page 6, line 26, at end insert—
“(c) in cases in which any assets and liabilities that are referable to pension contributions made by or on behalf of the person have been transferred out of a partnership pension account, a condition requiring the payment to the scheme of an amount in respect of the transfer.”
Member’s explanatory statement
This amendment makes clear that scheme regulations may require that, in a case in which an amount has in the past been transferred out of a partnership pension account, an election under this clause can be made only if a payment in respect of the transfer is made to the Chapter 1 legacy scheme.
10: Clause 5, page 6, line 29, leave out “(1)”
Member’s explanatory statement
This amendment clarifies the reference in subsection (7) of this Clause to the definition of “the relevant Chapter 1 legacy scheme” in Clause 4.
11: Clause 5, page 6, line 30, leave out “the” and insert “any”
Member’s explanatory statement
This amendment clarifies the reference in subsection (7) of this Clause to the definition of “the relevant Chapter 1 legacy scheme” in Clause 4.