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Pensions Bill

I really cannot allow the hon. Gentleman to get away with that. He has been saying all along that unclaimed personal pensions and life assurance policies would provide a lifeboat for the various pensioners. Will he now accept that Andrew Young’s report, published yesterday, makes it clear that unclaimed personal pensions and life assurance policies have a very uncertain outcome and although they might theoretically provide a source of funding, there would be substantial administrative, legal and other difficulties behind such a scheme? In other words, what he kept saying was going to provide the answer in fact provides no answer at all.