Pensions Reform

I congratulate the right hon. Gentleman on a thoughtful package of proposals. I want to ask some questions about it, but the all-party group that I chair will welcome pretty well everything that he has put forward. In relation to the national pension savings scheme, to what extent does the Secretary of State envisage the participation of the private sector in its implementation? Alternatively, will it be entirely a state enterprise? In relation to tax relief, he said in his statement that there will be a 1 per cent. tax relief contribution. Who will get that tax relief? Do employers get any tax relief? How does the tax relief structure work within the system? That is an interesting point for all of us. I also welcome the principle of the return to a link with earnings, which is perhaps long overdue. I am concerned, however, that it will take so long. The way in which society treats its elderly always involves an intergenerational transfer. My problem is that, for example, those who fought in the last war and created the conditions and freedoms that we enjoy today will be in their 90s before the earnings link is reintroduced, and many who grew up in the post-war austerity period will be in their 80s. Is it not possible to bring forward that reintroduction a little, as Lord Turner recommended? It seems to me that there are a number of ways in which that could be done—