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Pensions Bill

Although the legislation proposed today will enormously benefit the millions of workers who do not currently have pensions, there is a concern for the people about whom the Secretary of State has just been talking—those who have a pension scheme from their employers. Those employers may use the opportunity of the new personal accounts to level down employees' current pensions and reduce their contributions to the 3 per cent. proposed in respect of the personal accounts. What measures will my right hon. Friend take to ensure that that does not happen and that those employees are protected?