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Pensions Bill

As I said, it is probable that we would go down the audit committee route. The members might want to do it as a committee themselves, and want the board to be involved. I accept that that would be unusual. I am trying to acknowledge the thrust of the noble Baroness’s point. We would prefer to tie it down specifically at this juncture but if there is great strength of feeling around the issue I am happy to take it away and come back on Report. We are not apart on the need to make sure that there is proper scrutiny and a group of people to look at the audit arrangements and the financial controls. That is vital. We were not ready at this stage and it has to be carried out by a committee. I will take away the matter if there is great strength of feeling.