---

Pensions Bill

moved Amendment No. 45: 45: Clause 59, page 32, line 1, at end insert— ““( ) Notwithstanding anything provided for in regulations under subsection (1), there shall be no requirement placed on any person to keep the records of a company which has been wound up.”” The noble Baroness said: My Lords, this amends the record-keeping provisions of Clause 59, which has a regulation-making power to allow the Government to specify record-keeping requirements for up to six years. I tabled a similar amendment in Committee to ask the Government to explain the relationship between this power and the 1994 insolvency regulations, which in general have much shorter periods for record retention following the winding-up of a company. The Minister said that the Government needed to think about this further and I have had a helpful discussion with him. I have tabled my amendment again in order that he may enlighten the House as to the record-keeping requirements for companies that are wound up. I beg to move.