I think that my hon. Friend is on to something with this new clause. I want to make a brief point that he did not touch on in his otherwise excellent rÃ(c)sumÃ(c) of the new clause. He has said that it will apply only when a divorcing couple both hold personal accounts. One of the attractions of the personal account scheme will be its low cost. On Tuesday, in Committee, we discussed changes to provisions for pension splitting on divorce and the prospect of further work to be done by the Government. However, it is not clear whether someone could transfer their money into a personal account. I see nothing in the Bill that would allow for that.

Clause 100, which I have been rereading along with its explanatory note, deals with the exclusion of, rather than allowing, transfers. Such transfers would entail very little cost. In fact, there would probably be no cost at all, other than a charge that might be levied by the scheme for such a transfer. Given that we are probably dealing with relatively low-income earners, I find the prospect of the new clause particularly attractive. I am not sure whether it needs to be included in the Bill, or whether a power to deal with it in regulations is buried in the detail. However, on principle, I support my hon. Friend’s suggestion. I regret only that I did not spot the new clause earlier and add my name to it.