Member

Let us be in no doubt: this is a bad policy. First, it goes against the fiduciary duty of trustees to act in the best interests of savers. As the Minister has said many times, the most important thing is better returns for members. We agree, so how does forcing pension funds to invest in what the Government want them to invest in guarantee the best return for those members? Governments—particularly, but not uniquely, this one—do not always know best, and they certainly do not know better than the professionals.