Pensions Reform

I am very familiar with that scheme; indeed, some of my right hon. and hon. Friends have also raised this issue with me. Today, we are confirming an extension of the financial assistance scheme for eligible employees, but of course, in order for them to qualify for it, the employer needs to have been insolvent. We have not found a way to resolve the issues that the hon. Gentleman raises, but we stand ready to continue to consider them in the weeks and months ahead.