HL Deb 12 July 1995 vol 565 c1732

152 Clause 81, page 52, line 13, leave out from 'requirements' to end of line 24 and insert: `(4A) The matters shown in the payment schedule for a scheme—

  1. (a) to the extent that the scheme makes provision for their determination, must be so determined, and
  2. (b) otherwise,
    1. (i) must be matters previously agreed between the employer and the trustees or managers of the scheme, or
    2. (ii) if no such agreement has been made as to all matters shown in the schedule (other than those for whose determination the scheme makes provision), must be matters determined by the trustees or managers of the scheme.'.

153 Clause 82, page 52, line 30, at beginning insert 'Except in prescribed circumstances'.

154 Page 52, line 38, at end insert: '() Where any amounts payable in accordance with the payment schedule by or on behalf of the employer have not been paid on or before the due date, section 10 applies to the employer'.

155 After Clause 82, insert the following clause:—

Application of further provisions to money purchase

schemes

.—(1) In the case of money purchase schemes falling within a prescribed class or description, regulations may—

  1. (a) provide for any of the provisions of sections 50 to 54 to apply, or apply with prescribed modifications, (in spite of anything in those sections), and
  2. (b) provide for any of the provisions of sections 81 and 82 to apply with prescribed modifications or not to apply,

to such extent as may be prescribed.

(2) Regulations may provide for any of the provisions of section 69 to apply, or apply with prescribed modifications, to money purchase schemes to such extent as may be prescribed (in spite of anything in that section), and the power conferred by this subsection includes power to apply section 69 in circumstances other than those in which the scheme is being wound up or a relevant insolvency event occurs (within the meaning of that section).'.

Lord Mackay of Ardbrecknish

My Lords, I beg to move that the House do agree with the Commons in their Amendments Nos. 152 to 155. I spoke to these amendments in previous debates.

Moved, That the House do agree with the Commons in their Amendments Nos. 152 to 155.—(Lord Mackay of Ardbrecknish.)

On Question, Motion agreed to.