Pensions Bill

I believe that it will. I understand that it is likely to happen this week—I see a nod from the Box. It should certainly be with us by Report, when we can deal with the matter in more detail. The noble Lord, Lord Blackwell, asked about potential mis-selling. Participation in occupational pension saving will be a feature of employment and will not involve the creation of a contract between the pension provider and the individual member. The plan to introduce automatic enrolment will not involve the sale of a product to a consumer. As such, I do not think that mis-selling can take place in the technical sense. The noble Lord made a range of interesting points on regulated advice, generic advice and whether someone could give both—and how all of that would interrelate. I am sorry to say that we will have to wait to see the outcome of the Thorensen review, but they are important and practical issues that would need to be addressed as part of our conclusions. Again, the whole thrust of these points is that they are genuinely matters for the second Pensions Bill. We will have a lot to debate in that Bill, but I think that we will make more sense of the discussion at that stage, when we have the further information and, in particular, the response to the consultation document.