B

Baroness Stedman-Scott (Con)

Speaking in the House of Lords on 5 February 2026

Debate

Pension Schemes Bill

Contribution

My Lords, I will speak first to my Amendment 204. I make clear that this amendment does not require trustees to invest in any particular asset class, nor does it seek to redefine or dilute fiduciary duty in any way. Those safeguards are explicit in the amendment. Trustees must always act in the best financial interest of scheme members, and nothing here displaces that principle, consistent with the approach that we have taken throughout our deliberations in Committee. Instead, the amendment asks the Government to step back and consider whether trustees who wish to explore investments such as social bonds or social infrastructure would benefit from clearer pension-specific guidance and a more coherent framework within which to operate.

More from Baroness Stedman-Scott (Con)

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

Partner sites