M

Member

Speaking in the House of Lords on 20 April 2026

Debate

Pension Schemes Bill

Contribution

Although I agree that maintaining a competitive market is part of that, we must also have regard to the policy intent and desired outcomes, including improving member outcomes. If we were to accept this amendment, it may have the effect of elevating competition above other, equally important matters in the design of those regulations. We do not believe that would be desirable. It would not be appropriate to elevate the needs of the market over those of the members it serves. What we all want is to deliver the best outcomes for members.

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