Mr. Tim Duggan:

Yes, but if individuals are in a pension scheme, they will not be targeted for AE so that would not arise. If they moved from their current pension scheme and became part of AE - we have not worked out how that might work - that would arise but it would be based on a choice that an individual had made. What they may get from going into AE that they do not get in a private pension arrangement is the employer contribution. The person would have to do his or her own sums if they were in that situation.