M
Member
Speaking in the House of Lords on 23 February 2026
Debate
Pension Schemes BillContribution
But I am afraid that the Government’s current commitment on statutory guidance, as stated above, simply does not go far enough and would not provide the watertight legal protection that pension trustees need. My Amendment 218A seeks to provide an alternative approach that would ensure that trustees retain flexibility to decide how to carry out their duties in serving members’ financial interests as they see fit, while providing greater certainty that they are allowed, rather than required, to include a broader set of system-level considerations, such as environmental and social matters.
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