Member

Let me raise a few specific points on this amendment. Looking at the innovation condition, what would robust evidence be that a scheme is delivering good outcomes because of innovation? Would an app for members suffice? Would members using that app to log on and view their benefits be enough, or would they need to take action or do something different? To be clear, the Government’s position is that simply offering an app will not deliver the benefits for members that evidence shows will follow from scale. These are difficult questions but, before we legislate to require regulators to make these major decisions, we need to be clear what we expect innovation to deliver for member outcomes if a scheme is to be exempt. That is what matters: innovation delivering for members.