Pensions Bill — New Clause 11 — Require Direction to or Provision of Brokerage Service — 29 Oct 2013 at 16:47

John Penrose MP, Weston-Super-Mare voted against requiring work based pension schemes to pass their clients onto, or provide, an annuity broker at the relevant time.

The majority of MPs voted against requiring work based pension schemes to pass their clients onto, or provide, an annuity broker at the relevant time.

MPs were considering the Pensions Bill[1]. The motion rejected in this vote was:

  • That the clause be read a Second time.

The clause in question was New Clause 11[2], titled Decumulation, it stated:

  • (1) Any qualifying money purchase scheme must direct its savers to an independent annuity brokerage service or offer such a brokerage service itself.
  • (2) Pension schemes shall ensure that any brokerage service selected or provided meets best practice in terms of providing members with—
  • (a) an assisted path through the annuity process;
  • (b) ensuring access to most annuity providers; and
  • (c) minimising costs.
  • (3) The standards meeting best practice on decumulation shall be defined by the Pensions Regulator after public consultation.
  • (4) The standards set out in subsection (3) shall be reviewed every three years and, if required, updated.’

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Debate in Parliament | Source |

Party Summary

Votes by party, red entries are votes against the majority for that party.

What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.

What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.

What is Turnout? This is measured against the total membership of the party at the time of the vote.

PartyMajority (No)Minority (Aye)BothTurnout
Alliance0 10100.0%
Con249 (+1 tell) 0082.0%
DUP6 0075.0%
Green0 10100.0%
Independent1 0050.0%
Lab0 213 (+2 tell)083.3%
LDem49 (+1 tell) 0089.3%
SDLP0 30100.0%
Total:305 218083.1%

Rebel Voters - sorted by party

MPs for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible MP who could have voted in this division

Sort by: Name | Constituency | Party | Vote

NameConstituencyPartyVote
no rebellions

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