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Pensions Bill

My Lords, I thank noble Lords who have spoken, and I thank the Minister for that very full reply. In particular, I hope that the Pensions Regulator will take full note that it is the sole, proactive, risk-based protector, as the Minister said. I would be interested to see what he called the Memorandum of Understanding on how the FSA and the Pensions Regulator work closely together. That was reassuring, but I would like to see it. On the argument that there is no reason to single out banks and the financial sector for special treatment—the noble Lord talked about airlines—we have just had to nationalise quite large parts of that sector, and if the noble Lord thinks about it, he might realise that there is rather more risk here and perhaps that special attention on the part of the Pensions Regulator would be necessary. With that, I beg leave to withdraw the amendment. Amendment, by leave, withdrawn.