B

Baroness Neville-Rolfe (Con)

Speaking in the House of Lords on 9 September 2025

Debate

Pension Funds: Use of UK-listed Investment Companies

Contribution

My Lords, we the Official Opposition understand the attraction of strengthening the economy and strengthening pension funds by investment in infrastructure. However, the Pensions Management Institute said last week that it believes the reserve—that is the mandation power in the Pension Schemes Bill—sets a “dangerous precedent” for political interference with trustees’ fiduciary duties. It warned that the Government’s proposals would deliver poor outcomes for savers. Does this not concern the Minister?

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