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Lord Livermore (Lab)

Speaking in the House of Lords on 14 May 2025

Debate

Mansion House Accord

Contribution

I think I may have covered that several times already. I do not agree with the noble Lord when he says that this is not new. For the first time, we have 17 providers signing an accord, giving a commitment from industry to bring more assets into scope, doubling the target from 5% to 10% and including a specific commitment to investing half of that in the UK. That commitment has not been given before. As I have said, the pension schemes Bill will include more details about how these developments will be monitored to make sure that that change is delivered.

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