Financial Guidance and Claims Bill [HL] — Report (2nd Day) — 31 Oct 2017 at 16:30

Moved by Lord Stevenson of Balmacara

22: After Clause 2, insert the following new Clause-“Debt respite scheme(1) As part of its debt advice function, the single financial guidance body must operate a debt respite scheme (“the scheme”) under which authorised debt advice providers who approach the single financial guidance body for further advice or guidance in relation to a specific case may receive statutory protections for their clients in respect of the relevant debts for the period during which advice or guidance is being sought.(2) The Secretary of State must make regulations by statutory instrument detailing the operation of the scheme by the single financial guidance body under subsection (1).(3) The regulations must limit access to the scheme to persons who have received debt advice from a debt advice provider who has been authorised by the FCA.(4) The regulations must make provision about the length of a period or periods where the protections under the scheme will apply.(5) The regulations must set out the terms of the scheme, including but not limited to-(a) the nature of relevant debts for the purpose of the scheme; (b) the process and conditions of eligibility under which FCA authorised debt advice providers are able to apply for statutory protections for their clients under the scheme;(c) the criteria under which FCA authorised debt advice providers will be authorised to advise persons on the scheme, support applications to the scheme, and operate designated debt management plans for persons while under the statutory protections of the scheme;(d) the limitations to be placed on actions that may be taken by creditors against persons in receipt of statutory protection under the scheme;(e) the method for determining the level and timing of debt repayments by a person while under the statutory protections of the scheme;(f) safeguards to protect the integrity of the scheme;(g) the arrangements to be made to create a central register of persons admitted to the scheme; and(h) the arrangements to be made to ensure that creditors of persons on the scheme are kept informed.(6) A statutory instrument containing regulations under subsection (2) may not be made unless a draft instrument has been laid before, and approved by a resolution of, each House of Parliament.(7) The Secretary of State must make regulations under subsection (2) within 12 months of the commencement of this section, subject to subsection (6).(8) This section commences on the day on which this Act is passed.”

Moved by Lord Sharkey

24: Clause 3, page 3, line 15, at end insert-“( ) In Schedule 3 to the Pensions Schemes Act 2015 (pensions guidance), after paragraph 6(3) insert-“(3A) In determining what provision to include in the rules, the FCA must include a requirement for the trustees or managers of a relevant pension scheme to ask members of the scheme or survivors of members of the scheme at the point at which they require access to or individual transfer of their pension assets, if they have received the information and guidance available under section 3 of the Financial Guidance and Claims Act 2017 (specific requirements as to the pensions guidance function); and if they have not received such information and guidance the FCA may require the relevant trustee or manager to provide access to such information and guidance before proceeding.””

Ayes 283, Noes 201.

Debate in Parliament |

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

PartyMajority (Content)Minority (Not-Content)Turnout
Bishop2 08.3%
Con4 180 (+2 tell)72.1%
Crossbench52 1337.1%
DUP0 3100.0%
Independent Labour1 0100.0%
Judge1 07.1%
Lab139 067.8%
LDem73 (+2 tell) 074.3%
Non-affiliated8 229.4%
UUP1 1100.0%
Total:281 19959.2%

Rebel Voters - sorted by party

Lords 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 lord who could have voted in this division

Sort by: Name | Party | Vote

Baroness Altmann Conaye
Lord Deben Conaye
Lord Lupton Conaye
Baroness Wheatcroft Conaye
Lord Armstrong of IlminsterCrossbench (front bench)no
Viscount Colville of CulrossCrossbench (front bench)no
Lord Dykes Crossbench (front bench)no
Lord Fellowes Crossbench (front bench)no
Lord Greenway Crossbenchno
Lord Janvrin Crossbench (front bench)no
Lord Kakkar Crossbench (front bench)no
Lord Kilclooney Crossbenchno
Lord Macpherson of Earl's CourtCrossbenchno
Lord Ramsbotham Crossbenchno
The Duke of SomersetCrossbenchno
Lord St John of BletsoCrossbench (front bench)no
Viscount Waverley Crossbenchno
Lord Kalms Non-affiliatedno
Lord Taylor of WarwickNon-affiliatedno

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