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Pensions Bill

I am sympathetic to proposed new subsection (1B), which says that if there is to be a delay, the Secretary of State should effectively come forward, come clean and explain what is happening. However, I am a little concerned about proposed new subsection (1A), although I may have misread it. There are slight echoes of the amendment on which we have just voted. If we say that a scheme, "““must be established and capable of operation not later than 1st April 2012””," which we all want, what happens if, for understandable reasons, we miss that date? Are we then in the position, if we agree to the amendment, that the whole thing falls away? Perhaps I misunderstand it but that is my worry. I support proposed new subsection (1B) but I am concerned about proposed new subsection (1A) because if there is a delay we do not want to lose the whole scheme.