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Pensions Bill

I am unable to answer any of the questions asked by the noble Lord, Lord Skelmersdale, at this time, and will write to him with the details; at least I am following his advice. He is right that it should be Schedule 6. PADA is not a company and is not subject to company rules. Paragraph 6(6) of Schedule 6 to the 2007 Act says plainly that executives must be employees. The essence of these amendments is to allow people to be seconded under a service contract to PADA, as members, without having to discontinue employment. They may, for instance, be civil servants; they may be accountants, actuaries or other professionals. It seems that we have decided in the gap that there will be four executive members of the team.