Clause 44 - Commencement

Part of Pension Schemes Bill – in a Public Bill Committee at 10:15 am on 4th November 2014.

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Photo of Stephen Hammond Stephen Hammond Conservative, Wimbledon 10:15 am, 4th November 2014

The hon. Gentleman is not undermining the concept of the guidance guarantee; he is just laying out the risks. I do not think that he is suggesting that the Government provide advice of the costs, whatever those costs might be. We have seen similar circumstances where best practice or frameline guidance is put in place later by the regulatory authorities. Is it not likely that that is how the guidance guarantee will proceed?