Member

“The governor will not have chosen lightly to be so critical of government policy, and his ‘nuclear’ intervention will be very unwelcome at DWP. But the governor speaks for many in thinking that the government is crossing a line if it presses ahead with plans to tell pension schemes how to invest. Whilst pension assets can certainly be used more productively, it is ultimately for the trustees of pension schemes to decide how to invest in the best interests of their members, and not for ministers to tell them how to invest”.