Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Wednesday, 19 March 2008. It occurred during Debates on delegated legislation on Pension Protection Fund (Pension Compensation Cap) Order 2008.
Pension Protection Fund (Pension Compensation Cap) Order 2008
If one effect of the risk-based component of the levy is that it encourages schemes to manage their risks better, that is a really good outcome. It is right that some of the shortfalls in outcomes compared with the original estimates for some of the levies arise because the schemes have improved their risk management and there is therefore a smaller component. We should welcome that outcome, which may be part of why the scheme is designed that way.
Secondary information
- Type
- Proceeding contribution
- Reference
- 700 c47GC
- Session
- 2007-08
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Compensation Administration Northern Ireland Workplace pensions Pensions Pension funds Pension Protection Fund
- Legislation
- Occupational Pension Schemes (Levy Ceiling) Order 2008
- Pension Protection Fund (Pension Compensation Cap) Order 2008
- Occupational Pension Schemes (Levies) (Amendment) Regulations 2008
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-16 02:30:20 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_456515
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