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Debate on bill and Committee proceeding on Tuesday, 15 March 2011, in the House of Lords.

Pensions Bill [HL]

Pensions Bill (HL). Lords committee stage third day. Clause 10: Certification that alternative to quality requirement is satisfied, agreed to as amended. Clauses 11, 12, 13 agreed to. Clause 14: Indexation and revaluation, agreed to. Clause 15 agreed to. Clause 16: Indexation requirements for cash balance benefits, agreed to. Clause 17 agreed to. Schedule 4: Pension Protection Fund, agreed to as amended. Clauses 18 to 23 agreed to. Clause 24: Contributions towards cost of judicial pensions etc, agreed to. Schedule 5 agreed to. Clauses 25 to 29 agreed to. Bill reported with amendments (HL Bill 57 2010-12).

Secondary information

Type
Parliamentary proceeding
Reference
726 c1-58GC 
Session
2010-12
Department
Department for Work and Pensions
Legislative stage
Committee stage
Procedure
New clauses
Chamber / Committee
House of Lords Grand Committee
Related items
Deposited Paper DEP2011-0531
Friday, 18 March 2011
Deposited papers
House of Commons
Proceeding contributions
Lord McKenzie of Luton | 726 c19-20GC (Link to this contribution) My Lords, I wish to speak briefly to Amendment 48C. I stress that it is simply a probing amendment d...
Baroness Drake | 726 c17GC (Link to this contribution) 48B: Clause 16, page 13, line 19, at end insert ““, and (c) the amount available must be no less tha...
Show all contributions (66)
Baroness Turner of Camden | 726 c10GC (Link to this contribution) 47: Clause 14, page 10, line 9, after ““Britain”” insert ““as shown in the retail prices index””
Baroness Turner of Camden | 726 c16-7GC (Link to this contribution) I thank the Minister for that detailed response. My aim in putting down the amendments was to give v...
Lord Mackay of Clashfern | 726 c45-7GC (Link to this contribution) My Lords, I need not make a premature decision on that. I will certainly withdraw the amendment, but...
Lord McKenzie of Luton | 726 c5GC (Link to this contribution) My Lords, I am grateful for that, but it does not help me. My problem is that there might be arrange...
Lord McKenzie of Luton | 726 c4-5GC (Link to this contribution) My Lords, I am grateful to the Minister for his explanation of what is proposed for the certificatio...
Lord Boswell of Aynho | 726 c57-8GC (Link to this contribution) I am grateful to my noble friend for the way in which he has answered this question. I have been aro...
Lord Freud | 726 c55-7GC (Link to this contribution) My Lords, we have reached the last amendment in Committee on the Pensions Bill with a little nostalg...
Lord McKenzie of Luton | 726 c54-5GC (Link to this contribution) My Lords, I will be brief. I understand the thrust of the amendment. However, I have some concerns, ...
Lord Boswell of Aynho | 726 c54GC (Link to this contribution) My Lords, I will be even briefer on this amendment, having regard to the hour and the common wish to...
Lord Boswell of Aynho | 726 c53-4GC (Link to this contribution) 57: After Clause 26, insert the following new Clause— ““Objectives of the Pensions Regulator (1) Sec...
Lord Boswell of Aynho | 726 c53GC (Link to this contribution) My Lords, I am grateful to the Minister for his response, the detail that he has been able to bring ...
Baroness Garden of Frognal | 726 c20-2GC (Link to this contribution) My Lords, I will first speak to the government Amendments in this group and then respond to the amen...
Lord McKenzie of Luton | 726 c19GC (Link to this contribution) 48C: Schedule 4, page 24, line 8, after ““(2)(a)”” insert ““and, in particular, what reliance will b...
Baroness Drake | 726 c19GC (Link to this contribution) I thank the Minister for that response. I have sympathy with what he says because I would be the las...
Lord Freud | 726 c18-9GC (Link to this contribution) My Lords, the amendment would require that an annuity without indexation bought by a cash balance sc...
Baroness Drake | 726 c17-8GC (Link to this contribution) My Lords, this is a probing amendment to understand fully the implications for scheme members in cas...
Baroness Turner of Camden | 726 c17GC (Link to this contribution) I beg leave to withdraw the amendment. Amendment 47 withdrawn. Amendment 48 not moved. Clause 14 ...
Baroness Drake | 726 c25-7GC (Link to this contribution) My Lords, I have considerable sympathy with the amendment moved by the noble Lord, Lord German. Notw...
Lord Freud | 726 c27-9GC (Link to this contribution) My Lords, I thank the noble Lords, Lord German and Lord Stoneham, for tabling these three amendments...
Lord German | 726 c29GC (Link to this contribution) My Lords, I thank my noble friend for those comments. I dread to think of the asymmetric paternalism...
Lord Boswell of Aynho | 726 c25GC (Link to this contribution) I rise very briefly to support my noble friend Lord German, or at least his line of thinking. I have...
Lord German | 726 c23-5GC (Link to this contribution) My Lords, I shall speak also to Amendments 54 and 54A. The first two of these amendments are identic...
Lord Freud | 726 c22-3GC (Link to this contribution) 49: Schedule 4, page 34, line 22, at end insert— ““In paragraph 24(1) (commutation of periodic compe...
Lord McKenzie of Luton | 726 c22GC (Link to this contribution) My Lords, I thank the Minister for her full response to my amendment. Indeed, I welcome her to her f...
Lord German | 726 c23GC (Link to this contribution) 53: After Clause 23, insert the following new Clause— ““Occupational Pension Schemes (Investment) Re...
Baroness Turner of Camden | 726 c10-1GC (Link to this contribution) My Lords, my amendments are an attempt to deal with the Government’s intention to replace the retail...
Lord Freud | 726 c8-9GC (Link to this contribution) My Lords, I thank the noble Baroness, Lady Drake, for pinpointing her concerns around this. Let me t...
Baroness Drake | 726 c7-8GC (Link to this contribution) My Lords, as anticipated by the Minister, I rise to express reservations about government Amendment ...
Lord Freud | 726 c6-7GC (Link to this contribution) My Lords, I shall speak also to government Amendment 45. The backdrop to many of the measures set ou...
Lord Freud | 726 c6GC (Link to this contribution) 44: Clause 10, page 9, line 17, at end insert— ““( ) In section 32 of the 2008 Act (power to modify ...
Baroness Hollis of Heigham | 726 c9GC (Link to this contribution) 46: After Clause 12, insert the following new Clause— ““Power of trustees to allow early access to l...
Lord Freud | 726 c9GC (Link to this contribution) 45: After Clause 11, insert the following new Clause— ““Arrangements where transitional conditions c...
Lord McKenzie of Luton | 726 c9-10GC (Link to this contribution) The amendment is not moved, although I think that my noble friend Lady Hollis wants to bring it back...
Lord McKenzie of Luton | 726 c17GC (Link to this contribution) Before my colleague withdraws her amendment, and I certainly do not intend to press mine, it seems a...
Lord Freud | 726 c17GC (Link to this contribution) The consultation exercise informs how we do these things in some detail in regulatory terms, but it ...
Lord Boswell of Aynho | 726 c11-2GC (Link to this contribution) My Lords, I oppose the amendment. I should perhaps declare that I, too, have members of my family—tw...
Lord Freud | 726 c13-4GC (Link to this contribution) My Lords, I thank the noble Baroness, Lady Turner, and the noble Lord, Lord McKenzie, for their amen...
Lord McKenzie of Luton | 726 c12-3GC (Link to this contribution) My Lords, I will speak to Amendment 48A in this group. I start by acknowledging the criticism made b...
Lord McKenzie of Luton | 726 c14GC (Link to this contribution) That was not my own judgment; I am not a statistician. It was the Royal Statistical Society that rai...
Lord Freud | 726 c14-6GC (Link to this contribution) I am most pleased to take this opportunity to inform the Royal Statistical Society of the results of...
Lord Freud | 726 c51-3GC (Link to this contribution) My Lords, the amendment seeks to provide a remedy for a group of older transsexual people who have m...
Baroness Drake | 726 c49-51GC (Link to this contribution) My Lords, I am very sympathetic to the amendment, which draws attention to the need to bring a pract...
Lord Falconer of Thoroton | 726 c36-7GC (Link to this contribution) My Lords, the amendment is in my name also. It is intended to prevent a fundamental break with the c...
Lord Scott of Foscote | 726 c35-6GC (Link to this contribution) My Lords, I express my complete agreement with what has been said to your Lordships by the noble and...
Lord Falconer of Thoroton | 726 c39GC (Link to this contribution) I apologise for rising again, but I should have made a declaration of interest; I made it at Second ...
Lord Stoneham of Droxford | 726 c37-9GC (Link to this contribution) My Lords, as a new Member of the House I am somewhat in awe of speaking against a very formidable la...
Baroness Murphy | 726 c31-4GC (Link to this contribution) My Lords, I added my name to the amendment. First, I declare my total lack of personal interest in t...
Lord Mackay of Clashfern | 726 c29GC (Link to this contribution) 55: Clause 24, page 17, line 5, at end insert— ““(4A) The appropriate Minister must not make regulat...
Lord Mackay of Clashfern | 726 c29-31GC (Link to this contribution) My Lords, this amendment, which bears my name as well as more distinguished names, seeks to follow u...
Baroness Butler-Sloss | 726 c34-5GC (Link to this contribution) My Lords, I have wondered whether to speak on this amendment. First, perhaps, I should apologise to ...
Baroness Murphy | 726 c45GC (Link to this contribution) Before the Minister sits down, will he clarify the point about the judicial additional voluntary con...
Lord McNally | 726 c45GC (Link to this contribution) I apologise if I am wrong on this, and I will write to the noble Baroness, but I believe that the 15...
Lord Boswell of Aynho | 726 c47GC (Link to this contribution) 56: After Clause 26, insert the following new Clause— ““Gender recognition Notwithstanding the other...
Lord Boswell of Aynho | 726 c47-9GC (Link to this contribution) I am conscious of the hour and will try to be as succinct as I can. The Committee will know that I s...
Lord McAvoy | 726 c39-40GC (Link to this contribution) My Lords, I rise as a former Unite shop steward to come to the rescue of my trade union colleagues a...
Lord McKenzie of Luton | 726 c40-1GC (Link to this contribution) My Lords, I was going to be simply in listening mode on this, awaiting the wisdom of the Minister, w...
Lord McNally | 726 c41-5GC (Link to this contribution) My Lords, as always, this has been an interesting debate. It is always difficult to respond to the n...
Lord Geddes | 726 c1GC (Link to this contribution) My Lords, as is usual on these occasions, I must remind the Committee that, if there is a Division i...
Lord Freud | 726 c5GC (Link to this contribution) I can give the noble Lord some reassurance. The regulations are affirmative, so we will have the opp...
Lord Freud | 726 c5GC (Link to this contribution) I need to answer that, as it is clearly the noble Lord’s core question. The Bill circumscribes the S...
Lord Freud | 726 c2-4GC (Link to this contribution) My Lords, I thank the noble Lord, Lord McKenzie, for his amendments to Clause 10. These amendments w...
Lord McKenzie of Luton | 726 c1GC (Link to this contribution) 42: Clause 10, page 9, line 3, leave out ““or most””
Lord McKenzie of Luton | 726 c1-2GC (Link to this contribution) My Lords, I shall also speak to Amendment 43. Concerns about levelling down have been raised through...
Lord McKenzie of Luton | 726 c5-6GC (Link to this contribution) With great respect to the Minister, I have trotted that one out myself a number of times. As we know...
Subjects
Compensation Judiciary Gender Investment Employees' contributions Index linking Private sector Pay Workplace pensions Pensions Public sector Pension funds Pension Protection Fund Consumer prices index Pensions Regulator Transgender people
Legislation
Pensions Bill (HL) 2010-12
Link
View this Parliamentary proceeding on www.publications.parliament.uk