Pensions Bill — 27 Oct 2008 at 16:55
moved Amendment No. 69A:
After Clause 98, insert the following new Clause-
"Suspension of annuitisation order
(1) The Secretary of State may by order suspend any statutory provision or rule of law requiring a pension to be taken in the form of an annuity.
(2) The Secretary of State may by order renew an order made under subsection (1).
(3) The period for which a suspension order, made under subsection (1) or (2), has effect must be stated in the order and may not be less than 6 months or more than 2 years.
(4) Any order made under subsection (1) or (2) does not have effect until a draft has been laid before, and approved by a resolution of each House of Parliament."
On Question, Whether the said amendment (No. 69A) shall be agreed to?
Their Lordships divided: Contents, 129; Not-Contents, 156.
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