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Pensions Bill

I was about to come to the distinction between grants and loans. There is only one area in which a grant may be appropriate. We had some discussion in Committee about the provision of information and advice, but such advice would be generic, not specific to particular saving. There is an argument for saying that the Government should encourage the provision of generic information and advice, and it might be appropriate for a grant to be made to set that up. It would not be set up to compete with existing provision, nor would it provide information that would allow someone to make a choice between an existing private scheme and personal accounts.