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Pensions Bill

My Lords, from these Benches, I welcome the amendment and thank the Minister for his comprehensive introduction. We, too, are pleased that the Government have got over their macho moment when they were pushing that amendment in July. Wiser counsels have prevailed. I am glad to see that there has been extensive and thorough consultation during the summer. As I listened to the details of what the Minister said, only one question arose: is he sure that the Pensions Regulator does not feel unduly fettered in its activity by all these changes? In general, however, it is clear that great thought has been given to the matter, and we are very pleased that much more properly thought through and consulted on rules are coming forward.