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Pensions Bill

moved Amendment No. 88: 88: Schedule 6, page 58, line 12, leave out ““non-executive”” The noble Baroness said: I shall speak also to Amendments Nos. 90, 92 and 93. Under the Bill a person may not be appointed a chairman or a non-executive if he has a conflict of interest, but there is no such provision in respect of executive directors. Since all the directors will be members of the authority, I cannot understand why the non-executives are singled out as having conflicts of interest, which are defined in paragraph 2(6) of Schedule 6 as something which is, "““likely to affect prejudicially the discharge by him of his functions as a member of the Authority””." It seems to me that a conflict of interest in those terms is so fundamental an issue that it should apply to all directors. My amendments in this group seekto delete the qualification ““non-executive”” against member, where it appears in paragraph 2 ofSchedule 6, in order to make the rule apply to all members. I beg to move.