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Pensions Bill

I am following very closely what the hon. Lady is saying, but has she seen the figures produced by the Pensions Policy Institute? Unlike the DWP, it takes account of housing benefit in its projections of those who will benefit from personal accounts. The forecast shows that men with full national insurance records who rent in retirement will be in the high-risk category. Housing benefit will make a crucial difference for some people, and we cannot just ignore that by saying that personal accounts will be a jolly good thing for most. Factors such as that really must be taken into account.