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Pensions Reform

The hon. Lady is absolutely right: at no stage have the official Opposition ever committed taxpayers’ money to this issue above and beyond what the Government have already committed. What we have said consistently is that the Government should look at unclaimed assets, which total some £15 billion; they are now doing so—rather belatedly—but for different purposes. This has been our consistent position from start to finish; indeed, I said the same during the passage of the Pensions Act 2004.