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Pensions Bill

As the Minister has said, we return to the Welfare Reform and Pensions Act 1999. That was quite a long time ago. I wondered what the designated scheme under Section 6(2) of that Act, which is now to be ignored, was there for. Under this Bill it was to be a stakeholder scheme, which has now been removed by virtue of this government amendment, because the noble Lord, Lord Tunnicliffe, said it was not appropriate. He may have said why it was not appropriate, but if he did, I missed it. It would be extremely helpful if he would repeat it.