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Proceeding contribution from Lord Skelmersdale (Conservative) 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. 130EV: 130EV: After Clause 106, insert the following new Clause— ““Calculation of annuity rates (1) The Pensions Act 2004 (c. 35) is amended as follows. (2) In section 286 (financial assistance scheme for members of certain pension schemes), after subsection (3)(d) insert— ““( ) prescribing the annuity rates at which payments to, or in respect of, qualifying members of qualifying schemes are calculated;””.”” The noble Lord said: This is an extremely complicated area, and I hope to goodness I have got my question right. In moving this amendment, which is about the bulk annuitisation rules within the financial assistance scheme, I shall start by saying that it is very, very, very, very, very much a probing one.

Secondary information

Type
Proceeding contribution
Reference
703 c1075-6 
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