Member

Amendment 179 from the noble Baroness, Lady Noakes, aims to probe the Government’s intention to include powers that could compel certain scheme types to agree to receive a transfer for the purpose of providing qualifying pension benefit solutions. It is not the Government’s intention to require this. Basically, the Government tend to seek volunteers to operate in this space. Broadly speaking, the purpose of these regulation-making powers is to ensure that no scheme is left in a position where it cannot comply with the wider guided retirement provisions.