Schedule 1
Pensions Bill
10:30 am
James Plaskitt (Parliamentary Under-Secretary, Department for Work and Pensions; Warwick and Leamington, Labour)
The guidelines set out a maximum of 10 years, and two terms of five years would obviously go right up to the maximum. Our view is that by going for a potential maximum of eight years, we have struck the right balance of staying within the guidelines and having the right mix of experience and length of tenure of office. This is not far out of practice with other bodies and organisations. A four-year term with the possibility of one renewal strikes the right balance and keeps us within the guidelines. With those reassurances, I hope that the hon. Member for Eastbourne will withdraw the amendment.