With this it will be convenient to discuss the following amendments: No. 43, in clause 62, page 29, line 13, at end insert
‘and initially based on an annual management charge of no more than 0.3 per cent. per annum.’.
No. 52, in clause 64, page 29, line 39, at end add—
‘( ) For the avoidance of doubt, all the costs incurred by the Authority in establishing the pension scheme under section 50 of the Pensions Act 2008 (c. ) shall be recouped through charges to members over a period of five years from 2012.’.