B

Baroness Altmann (Non-Afl)

Speaking in the House of Lords on 26 January 2026

Debate

Pension Schemes Bill

Contribution

I thank the Minister and all noble Lords who have spoken in this debate. We have had a good rehearsal of the views and concerns about mandation and the need for a specific limit. I understand that the Minister is not keen on having a specific limit, but I hope that we can meet ahead of Report to go through some of these issues, which are keenly felt by many noble Lords in Committee. The same is true of the concern about private equity or private debt and the dangers of being invested in them. It strikes me as rather strange that the Government think that the risk-return opportunities in private equity are suitable for mandation but that that would not extend to quoted listed investment companies, which have long proven their track record without the disasters that we have often seen with private equity. With that, I beg leave to withdraw the amendment.

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