L

Lord Katz (Lab)

Speaking in the House of Lords on 14 January 2026

Debate

Pension Schemes Bill

Contribution

I am seeking help from my noble friend Lady Sherlock in a helpful conference on the side. The investment assets are in pools, so that is not necessary. The backstop powers are very clear: if there is a need for a merger or we are worried about a failing scheme, there is that backstop power and this is why. It would not be used to direct particular investment strategies.

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