Pensions Bill

My Lords, I thank the Minister for that reply. He is absolutely right to say that there is nothing between us of substance on this; I was probing how it will work in practice. I dislike the distinction that the Government have drawn between the executives and non-executives. Normally, when the Government propose structures involving executive and non-executive members of the board, they do so claiming the virtues of the unitary system. The whole idea of the unitary system is that directors, whether they are executive or non-executive, are working on the same terms, in effect—it is just that some work there full-time and some part-time. It is unsatisfactory that the Government have diluted the concept of the unitary board. I have drawn attention to what I think is vague and lacking in clarity; for example, the extent of ““other interest”” in the Bill. The Minister thinks that it is adequately dealt with; I must let the Government live to rue the day if they have made a mistake in their drafting and not pursue it further today. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. [Amendments Nos. 14 to 18 not moved.]