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Pensions Bill

I am sorry, but the amendment allows the PPF to recover the costs of pension sharing that have been vested on it because of a transition. That is exactly the same as pension-sharing costs that are now covered in any other divorce. It is exactly what the generality of the clause proposes for compensation sharing when the party concerned is in the PPF. The clause enables the scheme to make sensible charges in a transition. The fundamental concept of all sensible regulations is that parties who create a cost should properly compensate for it. It should not be pushed off into the general revenue of the scheme. The amendment matters, as I have tried to make clear. It simply enables the PPF to recover costs from the parties involved. It is so simple and straightforward that I find it difficult to see how I can say anything more persuasive than that this is how all pension sharing works. It is how the PPF will work, and it is entirely reasonable that charges incurred by someone who is caught in transition will work in the same way.