Member

My question on cost mirrors the questions raised by my friend, the noble Baroness, Lady Altmann, and my noble friend Lady McIntosh. I will not repeat what my noble friend Lady McIntosh said because it covers the whole range of the concern about the costs. But I add that this may result in around 1,200 schemes facing additional costs amounting to approximately £7.1 billion over a 10-year period—she mentioned that latter point. To what extent will these costs be passed on to the individuals contributing to the pension schemes?