B

Baroness Altmann (Non-Afl)

Speaking in the House of Lords on 9 September 2025

Debate

Pension Funds: Use of UK-listed Investment Companies

Contribution

I thank the Minister for that Answer. As he says, UK-listed investment companies are a world-leading, well-established route to investing in illiquid assets such as infrastructure, real estate, energy and life sciences—the very investments that the Government are seeking defined contribution pension investors to invest in to boost British growth. For defined contribution pension funds especially, closed-ended investment companies, which have expert management and offer diversification and daily pricing, seem an ideal way to gain exposure. Can the Minister help me understand, or perhaps write to me to explain, why the Pension Schemes Bill, at page 41 line 26, explicitly rules out using listed closed-ended investment companies to fulfil the Mansion House intent if mandation is required? Will he meet with me and other interested Peers to discuss this apparent error and how to amend or correct it in the Bill?

More from Baroness Altmann (Non-Afl)

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

Partner sites