Pensions Bill

The figures that I gave related to annuity pots and the percentage of people who benefited from those annuity pots. Of course, annuity rates change. As I think we all recognise, they are impacted by inflation and longevity assumptions and by what is happening with interest rates, so they are bound to change. I am not sure what point the noble Lord was pressing. As I have already set out, I fear that the RIF would quickly become heavily marketed and used as a vehicle for saving funds for inheritance. That is clearly not part of the deal for giving tax relief. If I misunderstand the purpose—