Member

In response to the noble Lord, Lord Kirkhope, as I cannot leave his contribution unchallenged, I am not going to relitigate the entire issue about the DPRRC report or the nature of the Bill, but I need simply to say that pensions legislation is inherently technical and much of the practical delivery, as I have said more than once, lies outside government, with schemes, trustees, providers and regulators applying the rules in the real world. Therefore, in pensions legislation it has long been established as good lawmaking practice to set clear policy direction and statutory boundaries in primary legislation, leaving detailed operational rules to regulations that can be identified. We do not believe that this Bill is out of kilter with other transformative pension Bills in the past. I went into more detail on that in previous debates.