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Pensions Bill [HL]

My Lords, we could go on for ever on this, although it may not be hugely productive to do so for much longer. Of course we accept that these recommendations come from the report, and there are obviously recommendations in the report which, thankfully, the Government did not pursue. However, I would hang on to the point about conflating two issues—““it pays to save”” and the question of whom we should be encouraging to save in order to achieve good replacement income in retirement. As the noble Lord acknowledged earlier, the Turner commission—I should call it the pensions commission out of deference to my noble friend, who spent such a large part of her life contributing to that—still holds: a 45 per cent replacement rate, with 30 per cent coming from the state and 15 per cent coming from auto-enrolment. That band of earnings is encouraging people to save. Therefore, that seems to deal with replacement rates and ““it pays to save””. The other issue, which I accept comes from the report about the trigger, is the practical one of dealing with small pots. It is a question of where you make the judgment. We would say that excluding people from the opportunity of auto-enrolment simply because they are below that trigger, even though they are within the band of earnings that the report acknowledges should be building pension pots, is not the right thing to do. Doubtless we will return to this on Report. In the interim, I beg leave to withdraw the amendment. Amendment 18 withdrawn. Amendments 19 to 22 not moved. Clause 5 agreed. Clause 6 : Postponement or disapplication of automatic enrolment Amendment 23 Clause 6 : Postponement or disapplication of automatic enrolment Amendment 23 Moved by