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Pensions Bill

The noble Lord, Lord Oakeshott, gives good advice. I do not think the Minister has understood what the chairman of a trustee corporation does. Such positions exist already in the private sector and nowadays they are big jobs; they attract some quite heavyweight candidates. Such people are in a position of leadership because a huge number of issues need to be handled by the board. It is not a case of all members being in it together and someone drawing up an agenda and watching the clock during the meeting. Very big issues need to be dealt with. We may well look at this again. On the other issues raised by my amendments, the Minister basically said he had no idea for how long we needed an initial period, which is what we are pretty used to in some of the responses on the personal accounts scheme. We might get tired of hearing that. On the removal of members and their remuneration, the Minister has repeated the fact that the Secretary of State wants to keep a hold on those things because it is a public body. We will think about that further, but for the moment I believe I have flagged up the fact that my serious concern is with the Government’s concept of what a chair of this organisation will do, which means they may go out and recruit the wrong kind of person. We shall find another way of exploring that on Report. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn.