Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Monday, 14 July 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.
Pensions Bill
moved Amendment No. 130E: 130E: Schedule 5, page 84 leave out lines 26 to 32 and insert— ““( ) For the purposes of sub-paragraph (1)(a), rights to PPF compensation ““are the subject of pension attachment”” if any of the following three conditions is met. ( ) The first condition is that— (a) the rights derive from rights under a pension scheme in relation to which an order was made under Part 1 imposing a requirement by virtue of paragraph 25(2), and (b) that order, as modified under paragraph 31, remains in force. ( ) The second condition is that— (a) the rights derive from rights under a pension scheme in relation to which an order was made under Part 1 imposing a requirement by virtue of paragraph 25(5), and (b) that order— (i) has been complied with, or (ii) has not been complied with and, as modified under paragraph 32, remains in force. ( ) The third condition is that— (a) the rights derive from rights under a pension scheme in relation to which an order was made under Part 1 imposing a requirement by virtue of paragraph 26, and (b) that order remains in force.”” On Question, amendment agreed to. Schedule 5, as amended, agreed to. Schedule 6 [Pension compensation on divorce etc: Scotland]:
Secondary information
- Type
- Proceeding contribution
- Reference
- 703 c1065-6
- Session
- 2007-08
- Chamber / Committee
- House of Lords chamber
- Subjects
- Compensation Companies Annuities Competition Administrative delays Equality Health Eligibility Gender Income tax Divorce Insolvency Discrimination Financial assistance scheme Index linking Private sector Workplace pensions Pensions Lump sum payments Pension Protection Fund PAYE Scotland State retirement pensions Regulation Taxation Retirement State earnings related pension scheme Pensions Regulator Private equity Civil partnerships dissolution State second pension Impact assessments
- Legislation
- Pensions Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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