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Pensions Bill

My Lords, I will certainly do that. Perhaps that was a question that the noble Lord should have asked. The noble Baroness, Lady Thomas, also raised the point about the cut-off and the people who will potentially benefit from that. I think that I have dealt with that point: inevitably, introducing any change will mean that some fall within its provisions and some outside it. On her point about access to good information or its availability, I agree on the access to advice. We have discussed that in another context and the noble Baroness makes a good point. The noble Baroness, Lady Howe, ingeniously raised again the issues around annuities. She will forgive me if I am not drawn into that debate again now; maybe my noble friend will turn her attention to that as the next campaign. The noble Baroness, Lady O’Cathain, was supportive of this and on behalf of my noble friend I am grateful for her comments. On cost, for the noble Lord, Lord Oakeshott, I think that I have dealt with that. The net present value, subject to class 3 changes, is £600 million. Issues around pension credit are important, for we need to get information out so that people do not take up that opportunity if it will not benefit them. I hope that I have dealt with each point raised, and am grateful to all noble Lords for the support for this measure. I conclude by thanking my noble friend Lady Hollis again for all of her efforts: perhaps she could go easy on me for the next few months, if she would not mind. On Question, amendment agreed to.