Member

We should be building scale, capability and opportunity, not coercion. We should be enabling trustees to invest with confidence, not transferring political risk to savers. For these reasons, we cannot support investment mandation, and we urge the Government to rethink their approach before it does lasting damage to trust, accountability and member outcomes. I know from this debate that many noble Lords are gravely concerned about this. It is probably the most serious concern that His Majesty’s Opposition have when it comes to the provisions in the Bill. I am sure that is no surprise to the noble Baroness. I strongly hope that the Government will reconsider this element of the Bill, which is causing many people, both within and without this place, grave concern.