L

Lord Carrington (CB)

Speaking in the House of Lords on 9 September 2025

Debate

Pension Funds: Use of UK-listed Investment Companies

Contribution

My Lords, can the Minister clarify for me, and no doubt others, to what extent the independent trustees of pension funds, when giving a mandate to investment managers, are able to forbid that manager to invest in certain areas, whether it be private equity, defence shares or whatever?

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