Motion summary
It was moved by the Lord Oakeshott of Seagrove Bay, in Schedule 1, page 271, line 3, at end to insert: “Pension arrangements The Regulator shall make pension provision for its chief executive and employees by means of a funded defined benefit pension scheme with rates of employer and employee contributions, benefits and indexation of pensions in payment, all broadly comparable to those provided to new members by the 100 pension schemes with the highest number of members for whom levies are payable to the Pension Protection Fund.”; which being objected to, the question was put thereupon, and