Schedule 1

Part of Pensions Bill – in a Public Bill Committee at 10:30 am on 5th February 2008.

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Photo of Nigel Waterson Nigel Waterson Shadow Minister, Work & Pensions 10:30 am, 5th February 2008

I beg to move amendment No. 57, in schedule 1, page 51, line 19, leave out ‘the Secretary of State may determine’ and insert ‘it thinks fit.’

Again—famous last words—this is a simple amendment that has been designed to tease out why the Secretary of State should determine the remuneration, allowances and gratuities paid to members of the trustee corporation. In all these matters, the Secretary of State should keep at arm’s length, if possible. It should be possible for the trustee corporation to regulate such matters itself, possibly by way of a remuneration sub-committee or something similar. I find the reason why the Secretary of State should have his fingerprints on every aspect of the detail of the running of the trustee corporation slightly mystifying. I hope that the Minister can demonstrate that there was serious thought behind the benefits of the provision and that he can tell us why it makes enormous sense.