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Pensions Bill

My Lords, I would be surprised if most of the points of the noble Lord, Lord Oakeshott, were not covered by Section 146(1) of the 2004 Act: "““Regulations may provide that where the Board is satisfied that an eligible scheme was not such a scheme throughout such period as may be prescribed, the Board must refuse to assume responsibility for the scheme under this Chapter””." That would clearly cover the point in part. I also note that there is a debate on the economy, to which the Minister will no doubt—no, perhaps he will not be contributing to that debate on Monday. I am sure that regulation by the FSA will figure somewhat strongly in it.