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Pensions Bill

I am grateful to the Minister for that intervention and his point is right. We are setting up a whole new structure that does not have to be in competition with what already exists. It is clearly new, and some aspects will be specific to what personal accounts are trying to do, in which case it is appropriate to have grants. I hope that the Minister can answer the concerns raised by the hon. Member for Eastbourne and me about costs and how we will ensure that the date is set. I hope that he can give us some assurances, or a breakdown of how the costs will be recouped as PADA develops its work. Once the consultation is finished, I hope that he will tell us how the chosen model will be used to deliver the funds that the trust will need to deliver the service.