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Pensions Bill

I shall not detain the Committee for too long in lending my support to what is a probing amendment. As my noble friend was speaking, my mind went back some years to a time when people could draw the whole amount out of their pension funds and pay for it at the end of their lives. They could draw the whole amount out of the occupational funds. It was mainly women who did this simply because of crises during their lives—they drew it out for their children or for whatever purpose. If we want to have a saving culture that covers both men and women, this idea is certainly worth looking at. It is a probing amendment but it is something we need to pause and think about. It may or may not work but I certainly think it is worth examination. That is why I lend my support to the amendment.