Baroness Stedman-Scott (Con)

My Lords, I shall conclude briefly. I hope that it is clear from the discussion this afternoon that there is a shared concern across the Committee to see pension schemes operate responsibly, prudently and in the best long-term interests of their members. Where we differ is on how that objective is best achieved. In my view, the strength of our pensions system lies in its balances: clear legal parameters set by Parliament, coupled with trustee independence, evidence-based judgment and accountability to members. I thank all noble Lords for their contributions—in particular, the noble Lord, Lord Pitt-Watson, who made a valuable and excellent contribution. He made my heart sing, and I think that our hearts beat in concert in terms of responsible and social investment. I am very keen to learn more from the noble Lord about his experience of responsible investment. I appreciate the Minister’s response. She has been very clear—message received. I look forward to discussing social impact bonds more with the Minister and anybody else in the Committee who wishes to take part. With the leave of the Committee, I beg leave to withdraw my amendment, but, if it comes back on Report, I will be very happy.