Member

Amendment 78 would simply commence Section 169(2)(d) of the 2004 Pensions Act without requiring regulations to be made outlining the actual circumstances in which the power would be used. If regulations were made, they could not require the payment of retrospective pre-1997 lump sums because Section 169 applies to the discharge of liabilities to provide compensation, and there is no requirement for the PPF to pay compensation in respect of retrospective pre-1997 increases. Therefore, Section 169 cannot be used to increase the amount of compensation a PPF member would receive.