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Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Wednesday, 16 July 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.


Pensions Bill

When the Minister comes to reply, I hope he will be able to cover the areas where the Government believe contribution notices may well attach to individuals. Considerable concern has been expressed that the way in which the Government will use the powers could significantly increase the likelihood that individuals would come within the scope. That has not been the case to date because of the way the tests have been working. If that is the case in future, however, it could have significant implications for whether individuals want to be directors of companies with defined benefit schemes. It would be harmful to those schemes if good quality directors were not prepared to do that, so it is important to get a sense of the size of the potential risk.


Secondary information

Type
Proceeding contribution
Reference
703 c1272 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Compensation Company law Companies Directors Liability Insolvency Workplace pensions Pensions Pension Protection Fund Regulation Pensions Regulator
Legislation
Pensions Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk