Proceeding contribution from Baroness Wilcox (Conservative) in the House of Lords on Tuesday, 24 May 2011. It occurred during Debate on bill on Postal Services Bill.
Postal Services Bill
My Lords, Amendment 3 is designed to future-proof the information-sharing provisions in Clause 24 of Part 2. Clause 24 sets out a legal gateway to facilitate data sharing between the government scheme, the Royal Mail pension plan and the employer of the RMPP members. The framework will help to ensure that the administration of the two schemes is seamless so that, for example, members with rights in both schemes will need to notify a change in personal circumstances to only one point of contact rather than two. That is an important objective that we share with the trustees of the RMPP and, I believe, with all Members of the House. The management of the ongoing Royal Mail pension plan will be a matter for the company and pension trustees. Amendment 3 simply ensures that if separate sections of the Royal Mail pension plan are split off into separate schemes at some point, the information-sharing framework provided under Clause 24 will extend to those separate schemes. That additional flexibility will help to ensure that we are in a position to meet our commitment to seamless administration, regardless of any changes that may be made to the RMPP by the trustees and company in future. I beg to move.
Secondary information
- Type
- Proceeding contribution
- Reference
- 727 c1690
- Session
- 2010-12
- Chamber / Committee
- House of Lords chamber
- Subjects
- Administration Bank services Privatisation Workplace pensions Pensions Post offices Pension funds Postal services Ofcom Postal Services Commission Post Office Social security benefits Shares Reform Royal Mail
- Legislation
- Postal Services Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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