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Proceeding contribution from Lord McKenzie of Luton (Labour) 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

The reference to the ““financial circumstances”” of the person in looking at tests about whether something is reasonable is in the existing legislation. For example, Section 38(7)(f) refers to, "““the financial circumstances of the person””." Therefore, that is not a new provision. As I said earlier, we are seeking to add to these requirements of a reasonableness test, but they will remain. I am not aware that they have created problems in their application to date. However, it is an existing test.


Secondary information

Type
Proceeding contribution
Reference
703 c1274 
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