§ 417 Page 207, line 27, at end insert—
| "( ) Payments made under this section shall be made to eligible scheme members regardless of their income or capital." |
§ 417A The Commons disagree with the Lords in their amendment hut propose the following amendment in lieu—
§ Page 209, line 5, at end insert—
| "(4B) Regulations under subsection (1) may not require any income or capital of a qualifying member of a qualifying pension scheme |
| (other than income or capital which derives, directly or indirectly, from that scheme) to be taken into account when determining whether the member is entitled to a payment under the financial assistance scheme or the amount of any payment to which the member is entitled. | |
| (4C) For the purposes of subsection (4B), regulations may prescribe the circumstances in which a qualifying member of a qualifying pension scheme is to be regarded as having income or capital which derives, directly or indirectly, from that scheme." |
§ Baroness Hollis of HeighamMy Lords, I beg to move that the House do not insist on its Amendment No. 417 to which the Commons have disagreed and do agree with the Commons in their Amendment No. 4 I 7A in lieu thereof.
Yesterday, the other place agreed to an amendment that makes a distinction that we wanted to draw in this House. It provides that the financial assistance scheme may take into account any capital or income which derives from the qualifying pension scheme of which the person was a member. But it also ensures that the financial assistant scheme must not take into account any other income or capital that is not linked to the pension scheme in question.
I could go on but I realise that there is other business. With that brief description, I hope that your Lordships will accept the reasoning of the other place that the new amendment meets your Lordships' concern.
Moved, That the House do not insist on its Amendment No. 417 to which the Commons have disagreed and do agree with the Commons in their Amendment No. 417A in lieu thereof.—(Baroness Hollis of Heigham.)
§ Lord HigginsMy Lords, this is a redraft of the amendment that we voted on earlier. We are happy that the Government have accepted it. The late Iain Macleod, when I first arrived on the Front Bench, gave me some good advice. He said, "However brilliant the speech is that you were going to make, if you listen to the House and they are all talking to each other, shut up".
§ Lord Oakeshott of Seagrove BayMy Lords, we support this amendment. When one has what one wants, one does not go on arguing.
§ On Question, Motion agreed to.