Chris Curry: I am Chris Curry, research director of the Pensions Policy Institute. The Minister for Pensions Reform (Mr. Mike O'Brien): Thank you for the research that you have done, which I have read. Unfortunately we do not seem to have a copy of it, but I have read it and am very grateful for it. One of the key issues you have been looking at in relation to personal accounts has been the issue of whether it pays to save, but I want to ask you about the extent of the problem of as to whether it pays to save under the current provision. What are your views on that? Are any obvious ways to resolve it?

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