Moved by
Baroness Stedman-Scott
81: Clause 125, page 120, line 16, at end insert—
“(c) the member obtaining information or guidance about exercising the option conferred by subsection (1) from a prescribed person in a prescribed case;
(d) providing the trustees or managers with evidence that—
(i) the member has complied with a prescribed condition about obtaining such information or guidance from a prescribed person, or
(ii) the member is not subject to such a prescribed condition.”
Member’s explanatory statement
This amendment enables regulations under inserted section 95(6ZA) of the Pension Schemes Act 1993 to prescribe conditions about obtaining information or guidance from persons such as the Money and Pensions Service, before the trustees or managers may act on a member’s application under section 95.
82: Clause 125, page 120, line 16, at end insert—
“(6ZC) Regulations may make provision requiring the trustees or managers of a pension scheme to notify a member who makes an application under subsection (1) of conditions prescribed under subsection (6ZA).”
Member’s explanatory statement
This amendment allows regulations to make provision about requiring trustees or managers to notify members of conditions prescribed under section 95(6ZA) of the Pension Schemes Act 1993.
83: Clause 125, page 120, line 43, at end insert—
“(c) the member obtaining information or guidance about exercising the right under subsection (1) from a prescribed person in a prescribed case;
(d) providing the trustees or managers with evidence that—
(i) the member has complied with a prescribed condition about obtaining such information or guidance from a prescribed person, or
(ii) the member is not subject to such a prescribed condition.”
Member’s explanatory statement
This amendment enables regulations under inserted section 101F(5A) of the Pension Schemes Act 1993 to prescribe conditions about obtaining information or guidance from persons such as the Money and Pensions Service, before the trustees or managers may act on a member’s transfer notice under section 101F.
84: Clause 125, page 120, line 43, at end insert—
“(5C) Regulations may make provision requiring the trustees or managers of a qualifying scheme to notify an eligible member who gives a transfer notice of conditions prescribed under subsection (5A).”
Member’s explanatory statement
This amendment allows regulations to make provision about requiring trustees or managers to notify members of conditions prescribed under section 101F(5A) of the Pension Schemes Act 1993.