Member

I say that, by the way, not just because of the economic, social and environmental benefits that this will bring to the beneficiaries and, indeed, to the country, but because, in trying to promote these things sensibly, the UK finance industry is recognised globally as being good at this. Finding the right way to do this is to the benefit of the beneficiaries and the country, as well as to the benefit of the finance industry. But it is not just about what we can do on this pensions Bill—it is, for example, on coal. How do we manage to get the coal companies properly to tell us how they value a coal mine? If they look like they are in breach of the accounting standards, that is something that we should be pushing. When we look at value for money from pension funds, there is the consultation Act—and this has not mentioned stewardship at all, yet we would all agree that stewardship is an important part of it. Maybe those are two other ways we could go and, with a systemic view of where we want to get the finance and pensions industries to, we could go further and maybe better.