Pensions Bill

My Lords, if the noble Lord will permit me, I can go through the detail of the calculation. I have not done it myself, but I asked about the maximum amount of interest, assuming that opt-out is at the last minute and that the refund takes the maximum time to be completed—two paydays or 21 days, whichever is shorter. That is the current proposition. I had asked for the calculation on the basis of the maximum interest that would accrue in that scenario. It is relatively modest, as I have pointed out.