Pensions Bill

I am in danger of agreeing too much with the hon. Gentleman before the Scottish and Welsh elections, so I will not flatter him unduly. Those are indeed our concerns. It will be much more difficult to persuade people to save in their own accounts if there is a large measure of means-testing. The hon. Member for Runnymede and Weybridge suggested that there was a band of expectation for means-testing in the future, which even under the proposals is between 30 per cent.—the Government’s figure—and the mid- to high 40s per cent.—the Pensions Policy Institute figure.