M

Member

Speaking in the House of Lords on 12 January 2026

Debate

Pension Schemes Bill

Contribution

I am aware that time goes on, and I will move to conclude. I want to ask the Minister some final questions—as if I have not asked enough—as these are big issues to consider. Why do the Government consider it necessary to take the power to prescribe in regulations where administering authorities must take advice from? How do the Government justify the level of direction given that administering authorities already have established fiduciary duties and governance frameworks? To whom do the Government envisage advice being limited? Does this power mean that authorities could be constrained to a prescribed list of advisors?

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