Baroness Sherlock (Lab)

My Lords, I am very grateful to noble Lords for their remarks. I will not detain the House for long. I want to say just a couple of things. One is that this Bill is about so much more than the reserve power. We should take a moment to think about what we have done. We have done some really significant work which will help to reshape the pensions landscape, to help get better returns for savers, as the noble Baroness, Lady Altmann, said. We have addressed questions of value for money, scale, lost pots, guided retirement, a superfund regime, and an uprating for PPF members. A huge amount has gone into this, and more besides. I am so grateful to the House for its detailed scrutiny. Bills such as this show the value of this House, when we get the time to crawl all over them. I like the characterisation given by the noble Viscount, Lord Thurso, which I think will outlive him: that when we are all a bit unhappy, we may well have landed in a place that we can live with. I say thank you again to all noble Lords—I will not name them all because there are too many, but obviously they include the noble Baronesses, Lady Bowles, Lady Stedman-Scott and Lady Altmann—for their work on this and their engagement in recent times. I thank the noble Viscount, Lord Thurso, for his kind words about me—and I hope he took from the warmth of the House’s response how much his work is appreciated and how much he will be missed—and for all his years of public service. Finally, I say to the noble Viscount, Lord Younger, on behalf of the House, that after 15 years on the Front Bench he deserves a break. There is a life outside here—said once more with feeling, as someone who is not far off that. I thank him for all those years of public service, his years as a Minister and his years on the Front Bench, for his courtesy, kindness and engagement, and for all the work that he has done. We wish him a very happy time outside this House. When he discovers the joys to be found beyond here, he may write back and tell us and we will just be very jealous. In the meantime, with thanks to everybody, I beg to move.