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Public Service Pensions

Yes, they will. I think that I can reassure the hon. Gentleman on all the points that he has made. What we are saying is that we do not want bulk transfers any more, in which the new providers have to set up their own scheme. Instead, the people to whom he refers will continue to be part of the public sector scheme—the NHS scheme, the civil service scheme or whatever—with the new provider, rather than the taxpayer, paying the employer contribution into the scheme. This will create a more secure footing for those people to be on. It is important to be able to give full reassurance to the hon. Gentleman and, through him, to the members of those schemes that he is concerned about.