Member

The Minister for Pensions committed to working closely with industry to ensure that this guidance is both practical and confidence-building, giving trustees the clarity they need to act decisively in the best interests of savers and the UK economy. However, my noble friend Lord Pitt-Watson is right: this is not an immediately straightforward task. To start this work, a stakeholder round table, hosted by Pensions UK, took place on 2 February. It brought together representatives from across the pensions landscape, including private pensions, DB, DC and local government schemes, as well as the regulators—TPR, FCA and the Financial Reporting Council. Participants also included actuaries, investment consultants, member groups—such as the UK Sustainable Investment and Finance Association and ShareAction—and specialist lawyers, including former members of the Financial Markets Law Committee.