Superannuation Bill

My noble friend suggests otherwise. I am reassured by that intervention, if it is in support of our amendment. Will the Minister and his team reflect further on this matter? It is difficult to conceive that the only default position would be the caps. We will come on to why the caps are so offensive to many and why we think that it is misguided to retain them. If he Minister does not like our alternative formulation, will he enter into discussion to see what alternatives there might be that do not involve the default position being those caps? We have all had correspondence from people about their fear of the caps and what it may mean to their compensation arrangements. Being able to remove that without wishing to detract from the Government’s position of wanting some protection and a fallback is worthy of further exploration. I simply do not believe that you could have only the caps and no other formulation. I beg leave to withdraw the amendment and, in doing so, I ask the Minister to reflect further on this issue. We would be happy to have discussions with him between now and Third Reading to test the alternatives that might give him the protection he wants without those caps. Amendment 6 withdrawn. Amendment 7 Moved by