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Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Monday, 27 October 2008. It occurred during Debate on bill on Pensions Bill.


Pensions Bill

My Lords, as explained, the purpose of the amendment is to provide that somebody other than the person raising the defence might be the one to mitigate the detriment. However, this is unnecessary. The legislation does not require the person raising the defence to mitigate the detriment; rather, it requires the defendant to ensure that he or she takes reasonable steps to ensure that there is an appropriate mitigation in place. Therefore, if the mitigation is to be undertaken by someone other than the defendant, then the reasonable step the defendant can take is to ensure that there is an appropriate mitigation and that it is in place. I do not think that the amendment adds anything to the Government’s proposals. I hope that that has produced some clarification for the noble Baroness.


Secondary information

Type
Proceeding contribution
Reference
704 c1464-5 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Codes of practice Assets Banks Contributions Financial services Financial institutions Workplace pensions Pensions Pension funds Pension Protection Fund Pension rights Pensions Regulator
Legislation
Pensions Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk