TRUSTPOLITICS
M

Member

Speaking in the House of Lords on 22 January 2026

Debate

Pension Schemes Bill

Contribution

I have a further point. Fiduciary duty is not a technicality. It is not an inconvenience to be managed around. It is the constitutional principle of the pensions system. Once we accept that Ministers can direct asset allocation by regulation, we cross a line that will be extremely difficult to uncross.
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