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Pensions Bill [HL]

My Lords, I am pleased to respond to the noble Baroness, Lady Hollis. She will see by the amount of work that we are undertaking and its complexity that getting a comprehensive review is not going to be possible in a matter of months. We are clearly talking about a matter of years to lock this situation down. I refer back in politest possible way to what the noble Lord, Lord McKenzie, said. This has been a problem for a very long time and it is very complicated, involving a lot of different systems and structures of pension provision. We need a holistic solution. We have the work in train. We will get there but it will not be a matter of months, I regret.