Member

35C: Clause 40, page 53, line 18, at end insert— “28K Regulations about quality requirements In making regulations under section 20(1A) or (1C), 26(7A), 28A, 28B, 28E or 28F, the Secretary of State must have regard to the importance of— (a) innovation in the design and operation of relevant Master Trusts and group personal pension schemes; (b) competition among relevant Master Trusts and group personal pension schemes; (c) improving outcomes for members of relevant Master Trusts and group personal pension schemes; (d) relevant Master Trusts and group personal pension schemes achieving an appropriate scale; (e) relevant Master Trusts and group personal pension schemes having effective governance.”