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Pensions Bill

In response to the final remarks of the noble Baroness, Lady Hollis, I am interested in employees who move up the savings scale, not down it. In other words, as I said in my introductory remarks, I can see absolutely no reason why an employee cannot, as the noble Baroness said, start on the shop floor, work there for perhaps a year or two and be auto-enrolled into personal accounts, because they are too young to join the main scheme. Then, perhaps because they have a quickness of intellect or whatever, they might be promoted to a substantially higher position and move into the firm’s qualifying scheme. At that point, there is a tiny level of investment in the personal account, which essentially is frozen, until, possibly—I repeat, possibly—2017. I have said all along that I should like such amounts to be transferable into the firm’s qualifying scheme. Although the noble Lord said that I am being a little previous, and he does not like my suggestion at the moment, I shall keep making those remarks, because eventually, with a bit of luck, I might get through to him and other Ministers in the Department for Work and Pensions. I can tell the noble Baroness that I am also worried not only about levelling down—we discussed that on previous amendments—but in Amendment No. 113F I am worried about crowding out, which is a slightly different way of looking at things. I do not want personal accounts to crowd out good schemes, which is a possibility. The Minister’s remarks—