M
Member
Speaking in the House of Lords on 3 February 2026
Debate
Pension Schemes BillContribution
On the question about distortions, the noble Viscount may be worrying that default funds might “herd” and invest in the same handful of assets, inflating prices—I see that he is nodding. These powers are in fact intended to help correct a market distortion in which schemes are shunning good investment opportunities due to an excessive focus on fees.
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