Part of 1. 1. Questions to the Cabinet Secretary for Economy and Infrastructure – in the Senedd at 1:53 pm on 9 November 2016.
Thank you, Cabinet Secretary. I think there’s probably another question there about what is it that ‘a headquarters’ means. Is it a wholesale move of staff to another part of Wales, or is it just a title as well? So, perhaps you could address that point. But the final point I’d like to make is: in the annual report for 2015-16, Finance Wales confirms that the remuneration of its highest-paid director was £404,000, compared to £216,000 in the previous year. That is a very high figure, and when we asked them about that, they attributed it to the extra pension costs contributed to the pension scheme. I understand that 30 per cent of Finance Wales staff are on the same pension scheme as well. So if, of course, staff do leave the organisation, there is the potential for a huge increase in costs there, so I’d be grateful if you could address that point and also have you addressed that point within the business case?