V

Viscount Younger of Leckie (Con)

Speaking in the House of Lords on 11 March 2026

Debate

Pension Schemes: Ministerial Powers

Contribution

As the Minister herself has just said, the signatories to the Mansion House Accord signed up to a voluntary agreement to invest in UK assets. Does she agree that they were not aware that the reserve power, the so-called mandation element, was going to be in the Bill? Does she therefore agree with me, with many of the signatories themselves, and with those in the pensions industry that mandation goes well beyond the Mansion House Accord?

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