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Pensions Bill

This is the day when Parliament has the opportunity to demonstrate that it is committed to solving the problem, not committed to another review of the problem. I say to the hon. Gentleman that the scheme that we have set out, involving a lifeboat fund, in no way precludes using the assets that the Minister hopes to find in his review, including, possibly, the residual assets in the schemes; those could go into the lifeboat fund. The difference between the Government’s approach and the approach that we are setting out in this group of amendments is that we are proposing to create that structure immediately, and by the means of a modest loan, we would be able to start delivering immediately to a group of people who need help now, not at some point in the future.