Proceeding contribution from Lord Skelmersdale (Conservative) in the House of Lords on Monday, 23 June 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.
Pensions Bill
I am very grateful to the Minister. He will be relieved to hear that this is one occasion when I approve of flexibility. Therefore, I do not intend to seek the Committee’s opinion on the various matters that I set out. The Minister said that he would write to me. I am very willing to accept a letter, which may result in a little chat with some of his advisers. I have no doubt that as we go through the Bill other matters will arise on which a little chat will be desirable and save a lot of time. He said that the commitment given during the passage of the 2007 Bill, now the Pensions Act 2007, concerned the alterations to be made to contracting out by the end of this Parliament. This Parliament probably has another two years to run. As the Government are determined to do this, I can see no good reason why they should not do it in that time, but perhaps the Minister’s letter will answer that point. I rather hope that it will. The other matter concerns the regulatory requirements for those schemes registered in jurisdictions that are not in an EEA state. I hope that the Minister’s letter will also respond to that point. I cannot take this matter any further tonight and the Minister is devoid of ideas in that regard. Therefore, I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. [Amendment No. 60 not moved.]
Secondary information
- Type
- Proceeding contribution
- Reference
- 702 c1291-2
- Session
- 2007-08
- Chamber / Committee
- House of Lords chamber
- Subjects
- Women Gender Financial Services Authority Index linking Individual savings accounts Personal savings Pay Workplace pensions Pensions Lump sum payments Migrant workers State retirement pensions Regulation Tax allowances Average earnings Pensions Regulator Occupational money purchase schemes National employment savings trust scheme
- Legislation
- Pensions Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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