Member

Amendment 142 in the previous group looked at protecting the trustees or managers in such a situation. Amendment 167 would provide a sensible mechanism for making the scheme members whole if they suffered losses as a result of the government mandation. If the Government are going to force trustees or managers to act in a way that they do not believe to be in the interest of scheme members—that is the implication of mandation—it must be appropriate that the Government bear the risk of any underperformance. Neither members nor trustees should be made worse off as a result of government intervention.