Pensions Bill

I shall. Can the Minister explain why the regulator will require every employer to register with it, given that information on employers is already held within the existing PAYE and NIC system? By definition, no different groups will be brought within the net. Why is a separate registration regime being set up, especially as the regulator will be completely unfamiliar to the vast majority of employers? The only employers who know about it are those with the nearly extinct defined benefit pension provision. Almost everybody else has no idea about the Pensions Regulator; certainly not SMEs and microbusinesses, which are currently not involved in pension provision at all. I am mystified about why the Government are going down this route.