Future of Pensions Policy

On that particular point, the hon. Lady will be pleased to know that, provided this debate ends on time, I will go straight into a meeting with a cross-party group of Lords about clause 123 and open DB. I will be making the point that the Pensions Regulator will be very happy to meet the Lords to engage with them and ensure that they have an opportunity to fully comprehend what the proposed regulations are going to be. I will also make the point that we remain very supportive of DB on an ongoing basis.