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Pensions Bill

My Lords, I thank the noble Baroness for the constructive way in which the amendment was moved, and I thank other noble Lords who have spoken. We share the desire to prevent levelling down and to do all that we can to ensure that existing good-quality schemes remain and flourish. As for the reshuffle, stakeholder discussion will proceed. I understand that the ABI has already been in touch with the new Minister of State. I am not sure whether this is good news, but—apparently as part of my departmental responsibilities—I shall be more directly involved in some of that.