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Pensions Bill

I support the amendment and commend the noble Baroness for introducing it. I have listened carefully to what has been said in opposition, but the amendment takes a large step in the right direction, because it refers not to the difference in life expectancy—that may change over time, as everybody has said—but to, "““reaching a common retirement age””." As we are moving in the direction of a common retirement age, that is a good step in the right direction. The amendment stipulates that, "““upon reaching a common retirement age””," there should be equality of treatment by the financial services industry. That objective is legitimate and should receive the Committee’s support.