text_body: --- DIVISION TITLE ---
  
  Pensions Bill - Performance of the Personal Accounts Delivery Authority
  
  --- MOTION EFFECT ---
  
  <p>New clause 7 - tabled by the Conservatibe MP, Nigel Waterson</p>
  
  <p>Performance of the Personal Accounts Delivery Authority</p>
  
  <p>â(1) In discharging its functions under this Part of the Act, the Authority shall ensure that its actions and advice support the following objectives for the schemeâ</p>
  
  <p>(a) ensuring that the overall outcome, taking account of the impact on the existing market, is an increase in the number of people saving and the overall amount being saved;</p>
  
  <p>(b) optimising levels of participation and contribution among the target group;</p>
  
  <p>(c) setting an investment strategy in the best interests of members;</p>
  
  <p>(d) minimising burdens on employers;</p>
  
  <p>(e) minimising the impact on other high-quality pension provision;</p>
  
  <p>(f) assuring security of administration;</p>
  
  <p>(g) governing in the best interests of members and beneficiaries;</p>
  
  <p>(h) ensuring that the board acts impartially, prudently, responsibly and honestly;</p>
  
  <p>(i) delivering appropriate levels of choice;</p>
  
  <p>(j) achieving charges that are fair and reasonable;</p>
  
  <p>(k) ensuring the funds are invested in the best interests of the members.</p>
  
  <p>(2) Her Majesty may from time to time by Order in Council make provision for amending the objectives set out in subsection (1).</p>
  
  <p>(3) No recommendation shall be made to Her Majesty to make an Order in Council under subsection (2) above unless a draft of the Order has been approved by resolution of each House of Parliament.â.â [Mr. Waterson.]</p>
  
  
  <p><i> The House divided:</i> Ayes 217, Noes 293.</p>
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  