---

Pensions Bill

I do not have a timeline for when the consultation would be finished, but the process that will be undertaken as a result of these clauses may well not be completed by Report. I am happy to arrange for a briefing for the noble Lord on the specifics of these provisions, if that would help. To add to what I have just said, we do not think that this will be ready before Third Reading. We hope to be able to open early discussions with stakeholders later this year to consider who may or may not be included in these provisions. As I have already indicated, this is a complex and difficult area and we need to progress with caution and sensitivity.