Clause 10 amends the Finance Act 2004 to allow retired people both prior to and after the age of 75 to take a retirement income fund as an alternative to an annuity. Unlike previous Conservative private Members’ Bills, it would mean that compulsory purchase at the age of 75 is not abolished. Instead, the Bill extends the choice of products available from solely annuities at this point. It also places no obligation on anyone to take up a retirement income fund or take the minimum retirement income from it. I commend the clause to the Committee.