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Pensions Bill

moved Amendment No. 69: 69: Clause 22, page 10, line 18, leave out ““age of 65”” and insert ““appropriate age”” The noble Lord said: I shall also speak to the other amendments in the group. Clause 22 introduces the test scheme. A scheme that passes the test scheme standard provides for pensions broadly equivalent to, or better than, those under the test scheme. Government Amendments Nos. 69 and 70 enable the pension age in the test scheme to be adjusted upwards in regulations to reflect increases in state pension age. This is to ensure that the scheme test remains an appropriate benchmark of scheme quality. We expect that, following the recent reforms to state pension age, employers will review the pensionable ages in their schemes in the future. These government amendments allow us to consult stakeholders on the most effective way of changing the pension age in the test scheme without imposing additional burdens on employers. I beg to move.