Member

No one has made this argument more powerfully than the industry players who would find themselves subject to such a power. I hope that noble Lords will forgive me if I quote some of them. By the way, we have met a number of them: they are, after all, the experts steeped in this matter more than any of us here. Helen Forrest Hall, chief strategy officer of the Pension Management Institute, has been very clear. She said that the institute supports the vast majority of this Bill, but that mandation is “the one substantive issue”. She warned that: