Clause 7
Pensions Bill
5:15 pm
Andrew Selous (Shadow Minister, Work & Pensions; South West Bedfordshire, Conservative)
Notwithstanding the technical arguments that the Minister set out clearly for why amendments Nos. 71 and 72 should not be adopted, I am grateful to him, because he did say, at least twice, that the ultimate destination of the contributions should be the jobholder and employer respectively. I think that his words will count if there is any dispute about the ultimate destinations of those moneys. However, I take on board his points about the various interim destinations. In light of that, I beg to ask leave to withdraw the amendment.