Member

If there are genuinely attractive investment opportunities in the UK, do the Government really believe that pension schemes and their trustees are somehow incapable of identifying them or acting on them? If investment is not flowing in the way Ministers would like, the proper response is surely to ask why and to address the underlying barriers, rather than to reach immediately for compulsion. So my next questions to the Minister are: what assessment have the Government made of the reasons investment is not taking place, and what evidence do they have that the problem is trustee reluctance, rather than issues of risk, scale, pipeline or investability?