Amendment text
Test text
Proposed amendments
194 amendments across 44 provisions
Clause 1 1
Tabled againstAs introduced· Clause 1
Clause 8 1
Amendment text
at end insert—
the impact of a collective money purchase scheme on private and public sector defined benefit schemes.”
the impact of a collective money purchase scheme on private and public sector defined benefit schemes.”
Clause 9 1
Amendment text
at end insert—
that the scheme provides for intergenerational fairness among its members, specifically in connection with the amount of benefits paid to pensioners, proposed adjustments to annual benefits and cash equivalent values provided to members wishing to transfer out of the scheme.”
that the scheme provides for intergenerational fairness among its members, specifically in connection with the amount of benefits paid to pensioners, proposed adjustments to annual benefits and cash equivalent values provided to members wishing to transfer out of the scheme.”
Clause 11 3
Amendment text
leave out “The first”
Amendment text
leave out subsection (8)
Amendment text
leave out “Subsequent regulations under subsection (3)(a), and”
Clause 12 2
Amendment text
leave out “The first”
Amendment text
leave out subsection (5)
Clause 13 2
Amendment text
leave out “The first”
Amendment text
leave out subsection (9)
Clause 14 5
Amendment text
after “scheme”, insert “or by an employer”
Amendment text
at end insert—
Regulations under subsection (3) must include provision for the scheme to hold a capital buffer in an amount to be specified by the Secretary of State.”
Regulations under subsection (3) must include provision for the scheme to hold a capital buffer in an amount to be specified by the Secretary of State.”
Amendment text
at end insert—
specifying requirements to be met by an employer using or intending to use a qualifying scheme under section 3(3) in respect of the costs under subsection (2) of this section.”
specifying requirements to be met by an employer using or intending to use a qualifying scheme under section 3(3) in respect of the costs under subsection (2) of this section.”
Amendment text
leave out “The first”
Amendment text
leave out subsection (6)
Clause 15 2
Amendment text
leave out “The first”
Amendment text
leave out subsection (7)
Clause 16 4
Amendment text
at end insert—
processes for regular member data accuracy audits, reporting of error rates in member records and reporting on resolution of any errors.”
processes for regular member data accuracy audits, reporting of error rates in member records and reporting on resolution of any errors.”
Amendment text
at end insert—
processes for regular member data accuracy audits, reporting of error rates in member records and reporting on resolution of any errors.”
processes for regular member data accuracy audits, reporting of error rates in member records and reporting on resolution of any errors.”
Amendment text
leave out “The first”
Amendment text
leave out subsection (6)
Clause 17 2
Amendment text
leave out “The first”
Amendment text
leave out subsection (11)
Clause 18 3
Amendment text
at end insert—
rules for ensuring fairness among all members of the scheme.”
rules for ensuring fairness among all members of the scheme.”
Amendment text
at end insert—
rules for determining the risk margin to be applied to adjust the transfer value to be paid in respect of a member who has made an application for cash equivalent to account for long-term risks of the scheme’s underperformance and to mitigate inter-generational risks.”
rules for determining the risk margin to be applied to adjust the transfer value to be paid in respect of a member who has made an application for cash equivalent to account for long-term risks of the scheme’s underperformance and to mitigate inter-generational risks.”
Amendment text
leave out subsection (4)
Clause 25 1
Amendment text
at end insert—
If the trustees receive an application under section 95 relating to money purchase benefits that are collective money purchase benefits, the trustees must check that the member or survivor has received appropriate independent advice before—
If the trustees receive an application under section 95 relating to money purchase benefits that are collective money purchase benefits, the trustees must check that the member or survivor has received appropriate independent advice before—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 27 1
Amendment text
leave out “The notice” and insert “Any such notice must include the requirement that trustees make an assessment of the extent to which the scheme is operating in a manner fair to all members and”
Clause 28 1
Amendment text
Insert the following new Clause—
“Duty to notify the Pensions Regulator: fit and proper persons requirement
“Duty to notify the Pensions Regulator: fit and proper persons requirement
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 31 1
Amendment text
after “concern” insert “or decides to withdraw from the scheme”
Clause 46 4
Amendment text
at end insert—
require information to be made available to the Pensions Regulator relating to actions taken by the scheme to ensure diversity considerations are taken into account in the recruitment of the trustee board with regard to—
require information to be made available to the Pensions Regulator relating to actions taken by the scheme to ensure diversity considerations are taken into account in the recruitment of the trustee board with regard to—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
Regulations under subsection (1) must ensure that any information published relating to the scheme must clearly and prominently state that benefits that may be payable under the scheme are only targets and not guaranteed, and that benefits paid may vary, increasing or decreasing from time to time.”
Regulations under subsection (1) must ensure that any information published relating to the scheme must clearly and prominently state that benefits that may be payable under the scheme are only targets and not guaranteed, and that benefits paid may vary, increasing or decreasing from time to time.”
Amendment text
at end insert—
require information to be published relating to actions taken by the scheme to ensure diversity considerations are taken into account in the recruitment of the trustee board with regard to—
require information to be published relating to actions taken by the scheme to ensure diversity considerations are taken into account in the recruitment of the trustee board with regard to—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
require information to be published relating to actions taken by the scheme with regard to how scheme investments take environmental, social, and governance factors into account.”
require information to be published relating to actions taken by the scheme with regard to how scheme investments take environmental, social, and governance factors into account.”
Clause 47 5
Amendment text
leave out subsection (5)
Amendment text
leave out subsection (2)
Amendment text
leave out “relevant schemes” and insert “collective money purchase schemes that could not be qualifying schemes, or sections of qualifying schemes, but for regulations under subsection (1) (“relevant schemes”)”
Amendment text
after “of” insert “relevant”
Amendment text
leave out subsection (5) and insert—
The provision that may be made under subsection (1) or (2) may be made by—
The provision that may be made under subsection (1) or (2) may be made by—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 51 2
Amendment text
Lord Sharkey gives notice of his intention to oppose the Question that Clause 51 stand part of the Bill.
Amendment text
at end insert—
A power to make regulations under this Part may not be used to create a new regulator.”
A power to make regulations under this Part may not be used to create a new regulator.”
Clause 62 2
Amendment text
leave out “The first”
Amendment text
leave out “Subsequent regulations under subsection (3)(a), and”
Clause 63 2
Amendment text
leave out “The first”
Amendment text
leave out subsection (5)
Clause 64 2
Amendment text
leave out “The first”
Amendment text
leave out subsection (9)
Clause 65 2
Amendment text
leave out “The first”
Amendment text
leave out subsection (6)
Clause 66 2
Amendment text
leave out “The first”
Amendment text
leave out subsection (7)
Clause 67 2
Amendment text
leave out “The first”
Amendment text
leave out subsection (6)
Clause 68 2
Amendment text
leave out “The first”
Amendment text
leave out subsection (11)
Clause 98 4
Amendment text
leave out subsection (2)
Amendment text
leave out “relevant schemes” and insert “collective money purchase schemes that could not be qualifying schemes, or sections of qualifying schemes, but for regulations under subsection (1) (“relevant schemes”)”
Amendment text
after “of” insert “relevant”
Amendment text
leave out subsection (5) and insert—
The provision that may be made under subsection (1) or (2) may be made by—
The provision that may be made under subsection (1) or (2) may be made by—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 107 14
Amendment text
after “person” insert “wilfully, recklessly or unscrupulously”
Amendment text
leave out lines 33 and 34
Amendment text
leave out lines 35 and 36 and insert—
no reasonable person having regard to all of their duties and all relevant circumstances would have done the act or engaged in the course of conduct.”
no reasonable person having regard to all of their duties and all relevant circumstances would have done the act or engaged in the course of conduct.”
Amendment text
at end insert—
In determining whether a person had a reasonable excuse under subsection 2(c) the factors to be considered include—
In determining whether a person had a reasonable excuse under subsection 2(c) the factors to be considered include—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
This section does not apply to a person if the act done, or the course of conduct engaged in, by the person has been approved by the Regulator or the Pension Protection Fund.”
This section does not apply to a person if the act done, or the course of conduct engaged in, by the person has been approved by the Regulator or the Pension Protection Fund.”
Amendment text
after “person” insert “wilfully, recklessly or unscrupulously”
Amendment text
leave out “detrimentally affects in a material way the likelihood of” and insert “wilfully or recklessly puts at risk”
Amendment text
leave out lines 36 and 37
Amendment text
leave out “detrimentally affected in a material way the likelihood of” and insert “wilfully or recklessly put at risk”
Amendment text
leave out lines 36 and 37
Amendment text
at end insert “, and
the person was—
the person was—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert “, and
the person was—
the person was—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
after “who was” insert—
an employer in relation to the scheme, or
an employer in relation to the scheme, or
Amendment text
after “who was” insert—
an employer in relation to the scheme, or
an employer in relation to the scheme, or
Clause 109 3
Amendment text
at end insert—
In particular, the declaration of a dividend by the employer is a notifiable event for the purposes of subsection (1) if—
In particular, the declaration of a dividend by the employer is a notifiable event for the purposes of subsection (1) if—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
In particular, the declaration of a share buy-back by the employer is a notifiable event for the purposes of subsection (1) if the value of the assets of the scheme is less than the amount of the liabilities of the scheme.”
In particular, the declaration of a share buy-back by the employer is a notifiable event for the purposes of subsection (1) if the value of the assets of the scheme is less than the amount of the liabilities of the scheme.”
Amendment text
at end insert—
In particular, the declaration of a dividend by the employer is a notifiable event for the purposes of subsection (1) if—
In particular, the declaration of a dividend by the employer is a notifiable event for the purposes of subsection (1) if—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Clause 110 1
Amendment text
at end insert—
Provision of information: further provision
Provision of information: further provision
Clause 112 2
Amendment text
leave out “£50,000” and insert “£1 million”
Amendment text
leave out “£10,000” and insert “£50,000”
Clause 115 6
Amendment text
leave out “£1 million” and insert “twice the employer’s pension deficit or 4% of the employer’s annual global turnover (whichever is greater)”
Amendment text
leave out “£1 million” and insert “£50 million”
Amendment text
Insert the following new Clause—
“Report for the purposes of the Company Directors Disqualification Act 1986
“Report for the purposes of the Company Directors Disqualification Act 1986
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Membership of defined benefit schemes
“Membership of defined benefit schemes
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Regulatory statement on new offences
“Regulatory statement on new offences
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Duty to publish information on the statement of investment principles
“Duty to publish information on the statement of investment principles
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 118 14
Amendment text
after “service” insert “(which may be publicly or privately owned)”
Amendment text
at end insert “or any person named as a beneficiary under that individual’s pension scheme”
Amendment text
at end insert—
Requirements prescribed under subsection (2) must include a requirement that a pensions dashboard service may not engage in financial transaction activities.”
Requirements prescribed under subsection (2) must include a requirement that a pensions dashboard service may not engage in financial transaction activities.”
Amendment text
at end insert—
Requirements prescribed under subsection (2) must require that information about state pensions includes projected state pension at retirement.”
Requirements prescribed under subsection (2) must require that information about state pensions includes projected state pension at retirement.”
Amendment text
at end insert—
Requirements prescribed under subsection (2) must require that the provision of pensions dashboard services is an activity regulated by the FCA.”
Requirements prescribed under subsection (2) must require that the provision of pensions dashboard services is an activity regulated by the FCA.”
Amendment text
at end insert—
Requirements prescribed under subsection (2) must require that the provision of data by private pension schemes to pensions dashboard services and the provision of pensions dashboard services are activities regulated by the Financial Conduct Authority.”
Requirements prescribed under subsection (2) must require that the provision of data by private pension schemes to pensions dashboard services and the provision of pensions dashboard services are activities regulated by the Financial Conduct Authority.”
Amendment text
at end insert—
an individual’s additional assets capable of being included in a pension scheme and of providing a pension income;”
an individual’s additional assets capable of being included in a pension scheme and of providing a pension income;”
Amendment text
at end insert—
information of a prescribed description relating to the individual’s pension assets and other assets capable of being included in a pension scheme and of providing a pension income, which may be made available to the pensions dashboard service through an authorised and regulated financial adviser.”
information of a prescribed description relating to the individual’s pension assets and other assets capable of being included in a pension scheme and of providing a pension income, which may be made available to the pensions dashboard service through an authorised and regulated financial adviser.”
Amendment text
Page 106, leave out line 32
Amendment text
at end insert—
Any regulations made under section 238A or this section which make provision for privately owned or commercial providers of pensions dashboard services to enter service must include provision about—
Any regulations made under section 238A or this section which make provision for privately owned or commercial providers of pensions dashboard services to enter service must include provision about—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
Publicly owned pensions dashboard service
Publicly owned pensions dashboard service
Amendment text
at end insert—
Publicly owned pensions dashboard service review
Publicly owned pensions dashboard service review
Amendment text
at end insert—
Requirements prescribed under subsection (2) must include a requirement that a pensions dashboard service may not include a facility for engaging in financial transaction activities.”
Requirements prescribed under subsection (2) must include a requirement that a pensions dashboard service may not include a facility for engaging in financial transaction activities.”
Amendment text
leave out line 32
Clause 119 9
Amendment text
at end insert—
the estimated retirement income of the scheme,”
the estimated retirement income of the scheme,”
Amendment text
at end insert—
the total cost of charges incurred for the administration of the scheme,”
the total cost of charges incurred for the administration of the scheme,”
Amendment text
at end insert—
the protected characteristics of the trustee board members, including information on age, gender and ethnicity,”
the protected characteristics of the trustee board members, including information on age, gender and ethnicity,”
Amendment text
at end insert—
information on how scheme investments—
information on how scheme investments—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
The Secretary of State must publish a report within six months of this section coming into force containing a timeline of when the following information will be available on pensions dashboards—
The Secretary of State must publish a report within six months of this section coming into force containing a timeline of when the following information will be available on pensions dashboards—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
“238FA Accuracy of occupational pension scheme information
“238FA Accuracy of occupational pension scheme information
Amendment text
leave out “any” and insert “the”
Amendment text
leave out “any” and insert “the”
Amendment text
at end insert—
regular data audits, accuracy checks and error correction reports to be provided to the relevant regulator.”
regular data audits, accuracy checks and error correction reports to be provided to the relevant regulator.”
Clause 121 11
Amendment text
after “pensions information” insert “which has been regularly audited, checked and corrected”
Amendment text
leave out “any” and insert “the”
Amendment text
leave out “any” and insert “the”
Amendment text
after “make” insert “and enforce”
Amendment text
after “information” insert “which has been regularly checked for accuracy and corrected”
Amendment text
at end insert—
The FCA must create an authorisation and supervision regime for pensions dashboard services.”
The FCA must create an authorisation and supervision regime for pensions dashboard services.”
Amendment text
at end insert—
how much pension income members may receive when they retire,
how much pension income members may receive when they retire,
Amendment text
at end insert—
how scheme investments take into account the views of beneficiaries,”
how scheme investments take into account the views of beneficiaries,”
Amendment text
at end insert—
how scheme investments take environmental, social and governance factors, including climate change, into account,”
how scheme investments take environmental, social and governance factors, including climate change, into account,”
Amendment text
at end insert—
Rules made by virtue of subsection (1) must ensure that specified authorised persons, in providing qualifying pensions dashboard services, have a fiduciary duty to act in the interests of savers.”
Rules made by virtue of subsection (1) must ensure that specified authorised persons, in providing qualifying pensions dashboard services, have a fiduciary duty to act in the interests of savers.”
Amendment text
after “consult” insert “the public and”
Clause 122 12
Amendment text
at end insert—
The single financial guidance body must provide a pensions dashboard service by means of which—
The single financial guidance body must provide a pensions dashboard service by means of which—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
After inserted subsection (A2) insert—
Before any other pension dashboard services can qualify under section 238A of the Pensions Act 2004 (qualifying pensions dashboard service)—
Before any other pension dashboard services can qualify under section 238A of the Pensions Act 2004 (qualifying pensions dashboard service)—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
leave out lines 7 to 25
Amendment text
leave out “may” and insert “must”
Amendment text
at end insert—
The single financial guidance body may carry out other functions relating to pensions dashboard services, including functions for which provision is made by—
The single financial guidance body may carry out other functions relating to pensions dashboard services, including functions for which provision is made by—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
The functions of the single financial guidance body referred to in subsections (A1) to (1A) are part of its pensions guidance function.”
The functions of the single financial guidance body referred to in subsections (A1) to (1A) are part of its pensions guidance function.”
Amendment text
at end insert—
Information provided under subsection (1)(a) must be provided no later than 31 December 2022.”
Information provided under subsection (1)(a) must be provided no later than 31 December 2022.”
Amendment text
leave out “Subsection (1) is” and insert “Subsections (A1) to (1B) are”
Amendment text
leave out “may” and insert “must”
Amendment text
at end insert—
““relevant occupational pension scheme” has the meaning given by—
““relevant occupational pension scheme” has the meaning given by—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert “no later than 31 December 2023”
Amendment text
Insert the following new Clause—
“Pension dashboards: impact assessment
“Pension dashboards: impact assessment
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 123 5
Amendment text
at end insert—
In exercising any powers to make regulations, or otherwise to prescribe any matter or principle, under Part 3 of the Pensions Act 2004 (scheme funding) as amended by Schedule 10, the Secretary of State must ensure that—
In exercising any powers to make regulations, or otherwise to prescribe any matter or principle, under Part 3 of the Pensions Act 2004 (scheme funding) as amended by Schedule 10, the Secretary of State must ensure that—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Climate change risk
“Climate change risk
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
In inserted section 41A(1), leave out “an occupational”, and insert “a”
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
In inserted section 41A(1), after “change” insert “to align with the objectives of the Paris Agreement to hold the increase in the global average temperature to well below 2°C”
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
In inserted section 41B(1), leave out “an occupational”, and insert “a”
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 124 12
Amendment text
leave out “may” and insert “must”
Amendment text
at end insert—
Regulations under subsection (1) must—
Regulations under subsection (1) must—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
leave out “may” and insert “must”
Amendment text
leave out from “require” to the end of line 36 and insert “—
that assets are assessed by reference to their exposure to risks of a prescribed description, and
that assets are assessed by reference to their exposure to risks of a prescribed description, and
Amendment text
at end insert—
The regulations may require the trustees or managers of the scheme to take into account—
The regulations may require the trustees or managers of the scheme to take into account—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
after “(d)” insert “, (2A)(a), (b) or (d)”
Amendment text
at end insert—
In this section “the Paris Agreement goal” means the goal of holding the increase in the average global temperature to well below 2°C above pre-industrial levels referred to in Article 2(1)(a) of the agreement done at Paris on 12 December 2015.”
In this section “the Paris Agreement goal” means the goal of holding the increase in the average global temperature to well below 2°C above pre-industrial levels referred to in Article 2(1)(a) of the agreement done at Paris on 12 December 2015.”
Amendment text
at end insert—
providing trustees or managers with evidence that the member’s spouse or civil partner consents to the taking of the cash equivalent in connection with existing or prospective arrangements for pension sharing on divorce or dissolution.”
providing trustees or managers with evidence that the member’s spouse or civil partner consents to the taking of the cash equivalent in connection with existing or prospective arrangements for pension sharing on divorce or dissolution.”
Amendment text
at end insert “(which may include information about matters to which regulations under section 41A may relate).”
Amendment text
Insert the following new Clause—
“Consumer protection on pension drawdown or transfer
“Consumer protection on pension drawdown or transfer
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
at end insert “and how the activities of the scheme take into account the objectives of international climate change treaties of which the United Kingdom is a signatory, including the United Nations Framework Convention on Climate Change concluded in Paris on 12 December 2015.”
Amendment text
at end insert—
Regulations under subsection (1) may not provide for the compliance of schemes which have assets under management worth less than £500 million with the provisions under section 41A or 41B.
Regulations under subsection (1) may not provide for the compliance of schemes which have assets under management worth less than £500 million with the provisions under section 41A or 41B.
Clause 125 5
Amendment text
Insert the following new Clause—
“Compensation payments under Pension Protection Fund
“Compensation payments under Pension Protection Fund
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
the member obtaining information or guidance about exercising the option conferred by subsection (1) from a prescribed person in a prescribed case;
the member obtaining information or guidance about exercising the option conferred by subsection (1) from a prescribed person in a prescribed case;
Amendment text
at end insert—
Regulations may make provision requiring the trustees or managers of a pension scheme to notify a member who makes an application under subsection (1) of conditions prescribed under subsection (6ZA).”
Regulations may make provision requiring the trustees or managers of a pension scheme to notify a member who makes an application under subsection (1) of conditions prescribed under subsection (6ZA).”
Amendment text
at end insert—
the member obtaining information or guidance about exercising the right under subsection (1) from a prescribed person in a prescribed case;
the member obtaining information or guidance about exercising the right under subsection (1) from a prescribed person in a prescribed case;
Amendment text
at end insert—
Regulations may make provision requiring the trustees or managers of a qualifying scheme to notify an eligible member who gives a transfer notice of conditions prescribed under subsection (5A).”
Regulations may make provision requiring the trustees or managers of a qualifying scheme to notify an eligible member who gives a transfer notice of conditions prescribed under subsection (5A).”
Clause 128 16
Amendment text
after “sections” insert “(Climate change risk) and”
Amendment text
Insert the following new Clause—
“Pension Schemes Commission
“Pension Schemes Commission
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Tapered reduction of annual pension tax allowance: review
“Tapered reduction of annual pension tax allowance: review
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Approval of proposed distributions by public companies
“Approval of proposed distributions by public companies
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“National Health Service Pension Schemes: tax charges
“National Health Service Pension Schemes: tax charges
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Automatic enrolment age
“Automatic enrolment age
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Review of automatic enrolment
“Review of automatic enrolment
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Reporting on compliance with the Paris Agreement
“Reporting on compliance with the Paris Agreement
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Automatic enrolment contributions for relevant parents and carers: review
“Automatic enrolment contributions for relevant parents and carers: review
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Sex equality impacts of automatic enrolment to pension schemes
“Sex equality impacts of automatic enrolment to pension schemes
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Consultation on the Task Force on Climate-related Financial Disclosures recommendations
“Consultation on the Task Force on Climate-related Financial Disclosures recommendations
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Suitability of pension schemes for automatic enrolment
“Suitability of pension schemes for automatic enrolment
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Multi-employer pensions scheme
“Multi-employer pensions scheme
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Automatic enrolment criteria
“Automatic enrolment criteria
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Review of the impact of the pensions schemes framework on women
“Review of the impact of the pensions schemes framework on women
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Duty to consult members on investment principles
“Duty to consult members on investment principles
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Clause 129 2
Amendment text
Insert the following new Clause—
“Impact assessment
“Impact assessment
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
Insert the following new Clause—
“Regulations
“Regulations
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Schedule 3 2
Amendment text
at end insert—
The Pensions Act 2014 is amended as follows.
The Pensions Act 2014 is amended as follows.
Amendment text
at end insert—
In section 186 (Parliamentary control of orders and regulations), in subsection (3) (statutory instruments subject to affirmative resolution procedure), after paragraph (f) insert “, or
In section 186 (Parliamentary control of orders and regulations), in subsection (3) (statutory instruments subject to affirmative resolution procedure), after paragraph (f) insert “, or
Schedule 6 2
Amendment text
at end insert—
The Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)) is amended as follows.
The Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)) is amended as follows.
Amendment text
at end insert—
In section 181 (Assembly, etc. control of regulations and orders), in subsection (2) (regulations and orders subject to confirmatory procedure), after “20B(5)” insert “, 95(2)(c), 95A(2)(b)”.”
In section 181 (Assembly, etc. control of regulations and orders), in subsection (2) (regulations and orders subject to confirmatory procedure), after “20B(5)” insert “, 95(2)(c), 95A(2)(b)”.”
Schedule 9 9
Amendment text
at end insert—
Requirements prescribed under paragraph (2) must require that information about state pensions includes projected state pension at retirement.”
Requirements prescribed under paragraph (2) must require that information about state pensions includes projected state pension at retirement.”
Amendment text
leave out “any” and insert “the”
Amendment text
at end insert—
Requirements prescribed under paragraph (2) must require that the provision of pensions dashboard services is an activity regulated by the FCA.”
Requirements prescribed under paragraph (2) must require that the provision of pensions dashboard services is an activity regulated by the FCA.”
Amendment text
leave out “any” and insert “the”
Amendment text
at end insert—
Requirements prescribed under paragraph (2) must require that the provision of data by private pension schemes to pensions dashboard services and the provision of pensions dashboard services are activities regulated by the Financial Conduct Authority.”
Requirements prescribed under paragraph (2) must require that the provision of data by private pension schemes to pensions dashboard services and the provision of pensions dashboard services are activities regulated by the Financial Conduct Authority.”
Amendment text
at end insert—
Publicly owned pensions dashboard service
Publicly owned pensions dashboard service
Amendment text
at end insert—
Publicly owned pensions dashboard service review
Publicly owned pensions dashboard service review
Amendment text
at end insert—
how much pension income members may receive when they retire,
how much pension income members may receive when they retire,
Amendment text
at end insert—
The Department must publish a report within six months of this section coming into force containing a timeline of when the following information will be available on pensions dashboards—
The Department must publish a report within six months of this section coming into force containing a timeline of when the following information will be available on pensions dashboards—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Schedule 11 10
Amendment text
leave out from “require” to the end of line 4 and insert “—
that assets are assessed by reference to their exposure to risks of a prescribed description, and
that assets are assessed by reference to their exposure to risks of a prescribed description, and
Amendment text
at end insert—
The regulations may require the trustees or managers of the scheme to take into account—
The regulations may require the trustees or managers of the scheme to take into account—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
In this Article “the Paris Agreement goal” means the goal of holding the increase in the average global temperature to well below 2°C above pre- industrial levels referred to in Article 2(1)(a) of the agreement done at Paris on 12 December 2015.”
In this Article “the Paris Agreement goal” means the goal of holding the increase in the average global temperature to well below 2°C above pre- industrial levels referred to in Article 2(1)(a) of the agreement done at Paris on 12 December 2015.”
Amendment text
at end insert “(which may include information about matters to which regulations under Article 41A may relate).”
Amendment text
at end insert—
the member obtaining information or guidance about exercising the option conferred by subsection (1) from a prescribed person in a prescribed case;
the member obtaining information or guidance about exercising the option conferred by subsection (1) from a prescribed person in a prescribed case;
Amendment text
at end insert—
Regulations may make provision requiring the trustees or managers of a pension scheme to notify a member who makes an application under subsection (1) of conditions prescribed under subsection (6ZA).”
Regulations may make provision requiring the trustees or managers of a pension scheme to notify a member who makes an application under subsection (1) of conditions prescribed under subsection (6ZA).”
Amendment text
at end insert—
the member obtaining information or guidance about exercising the right under subsection (1) from a prescribed person in a prescribed case;
the member obtaining information or guidance about exercising the right under subsection (1) from a prescribed person in a prescribed case;
Amendment text
at end insert—
Regulations may make provision requiring the trustees or managers of a qualifying scheme to notify an eligible member who gives a transfer notice of conditions prescribed under subsection (5A).”
Regulations may make provision requiring the trustees or managers of a qualifying scheme to notify an eligible member who gives a transfer notice of conditions prescribed under subsection (5A).”
Amendment text
at end insert—
The Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) is amended as follows.
The Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) is amended as follows.
Amendment text
after “(d)” insert “, (2A)(a), (b) or (d)”