Member

105A: Clause 40, page 54, line 16, after “regulations)” insert— “(a) after subsection 1, insert—“(1A) In making regulations under section 20(1A), 20(1C), 26(7A), 28A, 28B, 28E, 28F and 28J the Secretary of State must have regard to—(a) the encouragement of innovation in the design and operation of pension schemes, and(b) the benefits of competition among providers of pension schemes.”;”Member’s explanatory statement This amendment would require regulations concerning the operation of the scale provisions in clause 40 to have regard to innovation and competition.