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Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Monday, 1 March 2010. It occurred during Debates on delegated legislation on Personal Accounts Delivery Authority Winding Up Order 2010.

Personal Accounts Delivery Authority Winding Up Order 2010

My Lords, this was a public appointment and the noble Lord might be most helped if I write to him setting out the background of the process. On the issue of assurances about the investment profile of NEST, this is a matter for the trust corporation and its members. It is not for the Government or PADA to dictate how it should proceed, although it is given and will give advice. I hope the noble Lord will have gleaned from what I have just said that it looks as though the thrust of that advice will be towards lower-risk operations. I do not want to say too much because it is not for the Government to determine these matters; it is for the trust corporation to do that.

Secondary information

Type
Proceeding contribution
Reference
717 c341GC 
Session
2009-10
Chamber / Committee
House of Lords Grand Committee
Subjects
Women Investment Employees' contributions Employers' contributions Functions Low incomes Public appointments Workplace pensions Pensions Property transfer Personal pensions Non-departmental public bodies Pension funds Trusts Pensions Regulator Personal Accounts Delivery Authority Occupational money purchase schemes National employment savings trust scheme National Employment Savings Trust Corporation
Legislation
Personal Accounts Delivery Authority Winding Up Order 2010
National Employment Savings Trust Order 2010
Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010
Link
View this Proceeding contribution on www.publications.parliament.uk