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Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Thursday, 10 July 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.


Pensions Bill

It is absolutely not right to say that trustees will have no principles. As I explained, the role of trustees is embedded in trust law in pensions legislation. The scheme that will be set up will be operated by the trustees in the light of those principles, policies and obligations. That is what this is about. To translate the principles of PADA, which is designing the scheme, into the trustees’ obligations is wholly inappropriate.


Secondary information

Type
Proceeding contribution
Reference
703 c905 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Crimes against humanity Finance Fees and charges Investment Employment agencies Genocide Index linking Personal savings Low incomes Public appointments Workplace pensions Pensions Migrant workers Temporary employment Shipping War crimes Personal Accounts Delivery Authority National employment savings trust scheme
Legislation
Pensions Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk