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Pensions Bill

My Lords, I understood that point, but if there is no requirement to crystallise some form of income flow from the pension pot at any stage, that raises the question of what happens to the pension pot on death. Is that going to lead to some tax-free inheritance proposal? That would be what happens if someone should, sadly, die before they reach the age of 75 at the moment. The noble Lords need to address those issues as well, as to whether they would see any arrangements under which they propose that the pot should be converted to some form of income flow, which is the key purpose of the tax regime. The noble Lord looks as though he wants to have another go.