Pensions Bill

My Lords, don’t rub it in! I guess my response can be summed up as, ““It’s a fair cop””. I stand chided for a less than complete description of what we see the chair of the organisation doing. A fair point has been made that we need to be clear on how we see that role and how it will develop. We need to discuss it fully. I am happy to agree with the spirit of the amendment. I have some small concerns about the drafting. The amendment would make it unclear whether a group of inaugural members could be appointed along with the inaugural chair or whether, instead, establishing the corporation would require two appointment rounds. Also, if the chair had resigned, the plain words of the amendment would be at odds with the fact that there would be no chair to consult. I believe that those are just narrow, technical doubts, but it is important that we have clarity. However, we shall add this to the list of Third Reading items and enshrine the fact that the chair should be consulted. I hope that that moves us on.