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Pensions Bill

I agree. It is important that the Minister answers the point about cost overrun and addresses how it will be met. My point was made in response to the totality of the amendments and the fact that the Bill allows grants or loans to be made—or at least provides for some flexibility within the consultation that is taking place. Rather than Parliament imposing a structure on the industry, which is far more expert on such issues than we are, it is important that the industry is allowed to suggest the most cost-effective approach. I accept some of the amendments—the hon. Member for Eastbourne is right to want to ensure that we have a proper understanding of the start date and the costs—but I do not support their overall thrust, which would be too restrictive.