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Pensions Bill

It is all very well having regular reports from the Government Actuary, but he has been no more infallible and no more perfect than any other actuary. If he had been, we would not have needed nine-tenths of the Pensions Commission of noble Lord, Lord Turner. I am afraid that I do not take the noble Baroness’s point to heart. If I had not recognised the necessity for a long-term look, I would have put down an amendment stating ““every year””. I do not wish to do that, because it would clearly be inappropriate. I will cogitate on what the noble Baroness has said and it may be that10 years is a more appropriate period than five years; but a report on longevity that Parliament can discuss at stated intervals is vital. This is clearly not the moment to pursue that thought. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn.