Clause 61

Part of Pensions Bill – in a Public Bill Committee at 12:30 pm on 5th February 2008.

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Photo of James Plaskitt James Plaskitt Parliamentary Under-Secretary, Department for Work and Pensions 12:30 pm, 5th February 2008

No, I do not think that we are. I am saying that these bodies need to show their authority and expertise during the building process. Once we move into the regime, however, the functions are very clear and do not have the overlap that the hon. Gentleman is concerned about. The boundaries will be very clear once the scheme is in operation. Furthermore, the authority’s annual business plan will set out its key objectives and targets. Both of those will be published along with the framework document once the authority has legal authority to carry out its extended role. Those governance and practical arrangements, supported by robust stewardship from our Department, will ensure that any potential conflict of interest is removed from the decision-making process.