Member

I thought the noble Lord, Lord Palmer, was uncharacteristically harsh about the government amendments. They are very minor and technical and do not reflect a lack of clarity in the policy objective. We were clear as to what happens. Every now and again—and pensions law is especially complex—it turns out there is an unintended consequence in the drafting, and these amendments simply make sure that the original policy intent is followed through. I apologise to the House for the fact that they are necessary, but this does not reflect anything about the clarity of the policy that GMPs were intended to address.