Mr. Vincent Jennings:

A substantial amount of money will be taken from employers and employees over the next number of years - sorry, I should say, ad infinitum - and that is a welcome development. However, I am not so sure if any of the existing insurance companies are worthy of being able to get that money unless it is shown very clearly that they are playing the game. They cannot get it every way. They cannot get money at these 13% margins and auto-enrolment moneys. They just cannot. Why should they be given something to bolster them further?