Moved by
Baroness Stedman-Scott
85: Schedule 11, page 190, line 1, leave out from “require” to the end of line 4 and insert “—
(a) that assets are assessed by reference to their exposure to risks of a prescribed description, and
(b) that an assessment includes determining the contribution of the assets of the scheme to climate change.”
Member’s explanatory statement
This amendment makes provision for Northern Ireland corresponding to the Minister’s amendment at page 118, line 33.
86: Schedule 11, page 190, line 4, at end insert—
“(4A) The regulations may require the trustees or managers of the scheme to take into account—
(a) different ways in which the climate might change, and
(b) different steps that might be taken because of climate change.
(4B) Regulations under paragraph (4A) may require the trustees or managers of the scheme to adopt prescribed assumptions as to future events, including assumptions about—
(a) the steps that might be taken for the purpose of achieving the Paris Agreement goal or other climate change goal, or
(b) the achievement of the Paris Agreement goal or other climate change goal.”
Member’s explanatory statement
This amendment makes provision for Northern Ireland corresponding to the Minister’s amendment at page 118, line 36.
87: Schedule 11, page 190, line 7, at end insert—
“( ) In this Article “the Paris Agreement goal” means the goal of holding the increase in the average global temperature to well below 2°C above pre- industrial levels referred to in Article 2(1)(a) of the agreement done at Paris on 12 December 2015.”
Member’s explanatory statement
This amendment makes provision for Northern Ireland corresponding to the Minister’s amendment at page 118, line 39.
88: Schedule 11, page 190, line 12, at end insert “(which may include information about matters to which regulations under Article 41A may relate).”
Member’s explanatory statement
This amendment makes provision for Northern Ireland corresponding to the Minister’s amendment at page 118, line 44.
89: Schedule 11, page 191, line 30, 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 91(6ZA) of the Pension Schemes (Northern Ireland) 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 91.
90: Schedule 11, page 191, line 30, 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 91(6ZA) of the Pension Schemes (Northern Ireland) Act 1993.
91: Schedule 11, page 192, line 15, 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 97F(5A) of the Pension Schemes (Northern Ireland) 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 97F.
92: Schedule 11, page 192, line 15, 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 97F(5A) of the Pension Schemes (Northern Ireland) Act 1993.