Is the hon. Gentleman as concerned as I am about risk? I think that is what he is talking about. If someone takes their pension assets out and sticks them in the bank, they will have some guarantee of return on those assets, and they will have a guarantee on their cash lump sum. Alternatively, if they take their assets out and buy a house, they will probably have some security there. It seems to me that what is being proposed is a pension scheme that does not give its members a great deal of safety that the assets that they have worked for years to build up will be protected, or that their income will be protected.