Pensions Bill

What is the Minister’s latest estimate of when the Government will propose the level of cap? On these Benches we are keen on a higher rather than lower level. It is more important that people should not be discouraged from saving, even through this scheme. We are not unduly worried about the risk of so-called unfair competition, but we are concerned about people who may have erratic earnings patterns, for whom this scheme will be particularly designed, and we do not want them to be discouraged from putting a reasonable lump into it when they have a good year.