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Personal Accounts Delivery

Volume 696: debated on Thursday 15 November 2007

asked Her Majesty's Government:

Why they have appointed only one non-executive director to the Personal Accounts Delivery Authority to date; and when they expect to make further non-executive director appointments. [HL125]

We were keen to establish the Personal Accounts Delivery Authority as quickly as possible. The Pensions Act 2007 provides for a minimum of three members of the authority at any time and, in line with accepted principles of good corporate governance, that at least half the board, excluding the chair, should be non-executives. The chair, chief executive and one non-executive director have been appointed as part of the first phase of board recruitment. Further appointments, including further non-executive directors, are planned for the first quarter of 2008.