Viscount Younger of Leckie (Con)

My Lords, I will make just a few rounding-up comments. I am very pleased to have the support for my amendment from the noble Lord, Lord Sharkey, from my noble friend Lady Neville-Rolfe in particular, and from the noble Baroness, Lady Altmann. It was very helpful to hear from my noble friend Lady Neville-Rolfe the information she received directly from the review that she undertook into retirement age. The Minister referred to the importance of education; I took note of her very helpful answers on what is happening at the sharp end of schools. I also took note of the comments from the noble Baroness, Lady Altmann, and the helpful suggestions that the regulators could perhaps play a more proactive role in this area. I believe that Amendment 205 is modest but necessary. If we are serious about improving retirement outcomes, we must start by understanding why so many young people are disengaged and by shaping policy that meets them where they are, rather than where we wish they were. I am delighted to see that the noble Baroness, Lady Drake, is in her place. We are all very keen to know what will come out from the Pensions Commission. One question I put to the Minister now is about the timings. My understanding is that stage one will report in early 2027—one year’s time—but stage two, which is on this subject of pensions adequacy, will be at a later stage. Can the Minister clarify those timings, as they are still a bit unclear? I understand that she is undertaking a huge amount of very important work, but that would be very helpful.