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Pensions Bill

I am grateful for the hon. Gentleman’s intervention, which was as penetrating as ever. I think he should be more worried about what his own Front Benchers have in mind, given the briefing over the weekend. He is absolutely right. The insurance companies argue that those funds are available to improve the lot of policyholders such as himself and his good wife. At least one or two companies are considering court applications—it must ultimately come down to that—to divide the booty between policyholders and shareholders. [Interruption.] The hon. Member for Wolverhampton, South-West (Rob Marris) says from a sedentary position that I want to take it. He needs to read what has been said over the weekend, which suggests that his own Government are thinking of taking it.