Member

Let us remember who those signatories are. The Mansion House Accord covers around 90% of the auto-enrolment DC market. When a group representing 90% of a market agrees a preference and the Government then legislate to enforce that preference, that is not an innocent voluntary agreement; that is market shaping. Many of those signatories are parts of groups that also manufacture LTAFs, so a voluntary agreement among providers has become a legislative preference for the wrapper they produce. That is a governance conflict, and Parliament should not be asked to entrench it.