Pensions Bill

That is probably one of those interventions for which I wish I had not given way. The hon. Lady has made an important point. I raised the matter in relation to a point about the PPF that the hon. Member for Angus made earlier. The Bill makes no provision for the Pension Protection Fund. If the hon. Lady wants to table an amendment in Committee or on Report, it will give Ministers an opportunity to discuss any specific proposal that she has. The Bill makes no provision to deal with the issue that she raised, but we stand ready to consider any detailed amendment that she might wish to table. Part 3 provides for the creation of a personal accounts delivery authority—