There is a danger of confusion about who will make what decisions and who will be responsible for them. One concern that my hon. Friend flagged up was that those currently in DB schemes would suddenly be plunged into a CDC scheme and so on. The point of the offer of defined ambitions in the Bill is that a risk-sharing offer can be available to people who are currently running DB schemes but may be thinking of closing them when contracting out comes to an end. For the individuals in DC schemes, those schemes will continue and they will have control over their own pensions.
The third category—the 100,000 new schemes that are likely to be created at the beginning of 2016—will come into auto-enrolment and the employer will make the decision. That is the opportunity for CDC, with organisations such as NEST, the People’s Pension and the Danish scheme offering a collective vehicle that might suit very small employers really well. I hope my hon. Friend agrees that that is a way of summarising the three different situations.