Pension Schemes Bill [HL] — Report — Amendment 71 — 30 Jun 2020 at 20:45

Moved by Baroness Bowles of Berkhamsted

71: Clause 123, page 118, line 4, at end insert-“(2) 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-(a) schemes that are expected to remain open to new members, either indefinitely or for a significant period of time, are treated differently from schemes that are not;(b) scheme liquidity is balanced with scheme maturity;(c) there is a correlation between appropriate investment risk and scheme maturity; (d) affordability of contributions to employers is maintained;(e) affordability of contributions to members is maintained;(f) the closure of schemes that are expected to remain open to new members, either indefinitely or for a significant period of time, is not accelerated; and(g) trustees retain sufficient discretion to be able to comply with their duty to act in the best interests of their beneficiaries.”Member’s explanatory statementThe liquidity profile of an open and active scheme that is receiving regular, significant cash contributions is very different from a closed scheme. This amendment seeks to ensure that they are treated differently accordingly.

Ayes 263, Noes 227.

Debate in Parliament |

Public Whip is run as a free not-for-profit free service. If you'd like to support us, please consider switching your electricity and/or gas to Bulb Energy who provide 100% renewable electricity and tend to be 20% cheaper than the 'Big Six'. They'll also pay any exit fees (up to £120) from your old supplier AND give you (and us) a £50 credit for joining up via our Bulb Referral Link.

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
Con6 20571.3%
Crossbench44 1529.2%
DUP0 360.0%
Green2 0100.0%
Independent Liberal Democrat1 0100.0%
Judge1 06.7%
Lab119 052.9%
LDem81 175.9%
Non-affiliated9 131.3%
UUP0 2100.0%
Total:263 22755.2%

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

NamePartyVote
Baroness Altmann Conaye
The Earl of Cork and OrreryCon (front bench)aye
Lord Inglewood Con (front bench)aye
Lord Northbrook Conaye
Baroness Stowell of BeestonConaye
The Duke of WellingtonConaye
Lord Bilimoria Crossbenchno
Lord Cameron of DillingtonCrossbench (front bench)no
Lord Dannatt Crossbenchno
Baroness Finlay of LlandaffCrossbench (front bench)no
Lord Greenway Crossbenchno
Lord Hogan-Howe Crossbench (front bench)no
Baroness Hogg Crossbenchno
Lord Kakkar Crossbench (front bench)no
Lord Patel Crossbench (front bench)no
Lord Powell of BayswaterCrossbench (front bench)no
Lord Rana Crossbenchno
Lord Stirrup Crossbench (front bench)no
Lord Thurlow Crossbench (front bench)no
Lord Walker of AldringhamCrossbenchno
Viscount Waverley Crossbenchno
Baroness Nicholson of WinterbourneLDemno
Lord Taylor of WarwickNon-affiliatedno

About the Project

The Public Whip is a not-for-profit, open source website created in 2003 by Francis Irving and Julian Todd and now run by Bairwell Ltd.

PublicWhip v2 codebase is currently under development - you can join the Slack group to find out more or email [email protected]

The Whip on the Web

Help keep PublicWhip alive