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.
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.Party | Majority (Content) | Minority (Not-Content) | Turnout |
Con | 2 | 204 | 83.4% |
Crossbench | 48 | 14 | 36.5% |
DUP | 0 | 3 | 75.0% |
Green | 2 | 0 | 100.0% |
Independent Labour | 1 | 0 | 50.0% |
Judge | 1 | 0 | 7.1% |
Lab | 115 | 0 | 63.9% |
LDem | 78 | 0 | 86.7% |
Non-affiliated | 16 | 4 | 36.4% |
UUP | 0 | 2 | 100.0% |
Total: | 263 | 227 | 64.0% |
Rebel Voters - sorted by vote
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
Name | Party | Vote |
Baroness Altmann | Con | aye |
Lord Northbrook | Con | aye |
Lord Bilimoria | Crossbench | no |
Lord Cameron of Dillington | Crossbench (front bench) | no |
Lord Dannatt | Crossbench | no |
Baroness Finlay of Llandaff | Crossbench (front bench) | no |
Lord Gadhia | Non-affiliated | no |
Lord Greenway | Crossbench | no |
Lord Hogan-Howe | Crossbench (front bench) | no |
Baroness Hogg | Crossbench | no |
Lord Holmes of Richmond | Non-affiliated (front bench) | no |
Lord Kakkar | Crossbench (front bench) | no |
Lord Lupton | Non-affiliated | no |
Lord Patel | Crossbench (front bench) | no |
Lord Powell of Bayswater | Crossbench (front bench) | no |
Lord Stirrup | Crossbench (front bench) | no |
Lord Taylor of Warwick | Non-affiliated | no |
Lord Thurlow | Crossbench (front bench) | no |
Lord Walker of Aldringham | Crossbench | no |
Viscount Waverley | Crossbench | no |