Member

Finally on this point, at earlier stages of the Bill, noble Lords have also reflected on the impact that the absence of pre-1997 increases has had on PPF members over the years. As I have set out in previous debates, I recognise that prospective increases do not go as far as some people would want. But let us not lose sight of the fact that the Government’s reforms will make a meaningful difference to over 250,000 affected members, while balancing the impact on levy payers, taxpayers, affordability for government and the ability for the PPF to manage future risk. Given all of that, I hope that the noble Viscount feels able not to press his amendment.