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Pensions Bill

I am happy to give my hon. Friend that assurance. We are looking at the same number of people—some 8,000. I did not intend to criticise his drafting, but I have been advised that the new clause would let in an extra category. The intention is to include all schemes that were wound up unfunded, preventing an employer insolvency. New clause 25 would include schemes in which debt and winding up could not have forced an employer insolvency and, therefore, the employer was healthy enough to fund more of their pension liabilities. I am happy to discuss the issue with my hon. Friend, but I hope that I have given him the guarantee that he wants. We are trying to achieve the same aims and we are happy to return to the issue in the other place if necessary.