Overview

This document details amendments made by the House of Commons to the Pension Schemes Bill. The amendments clarify aspects of pension scheme notices, remove certain clauses related to unspecified regulations, and simplify the overall legislation regarding pension schemes.

Description

The Commons amendments to the Pension Schemes Bill focus on making several specific changes to the original bill. Key changes include:

• Amendment to Clause 27: This amendment rewrites a section regarding the required content of notices issued to pension scheme members, aiming for greater clarity.
• Removal of Clauses 118, 122, and parts of 123 and 132: Several clauses and subsections have been entirely removed. The exact content of these removed clauses is not specified in this summary document, indicating that their function was altered or deemed unnecessary.

Government Spending

The amendments do not directly provide figures on government spending. The impact on government spending is likely to be indirect and dependent on the implementation of the altered legislation, therefore no quantifiable figures can be provided here.

Groups Affected

Groups potentially affected include:

• Pension scheme members: The amendment to Clause 27 directly affects the information they receive in notices from their pension schemes.
• Pension scheme trustees and administrators: The amendments impact their responsibilities and administrative processes concerning pension scheme management.
• Government agencies involved in pension regulation: Changes to the bill's regulations will alter their responsibilities.

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