Kit Malthouse

Kit Malthouse

Conservative — North West Hampshire

Speaking in the House of Commons on 25 November 2025

Debate

Pension Investment in UK Equities

Contribution

I agree with the hon. Gentleman’s views about mandation, as the Minister knows, but would he care to comment on its impact on the appetite for risk? We have learned from my right hon. Friend the Member for Salisbury (John Glen) that since the change in taxation, the general trend in pension funds has been for managers to de-risk and to go into passive funds. If they do so, no one can complain, they are not taking any risk, they do not have to outperform or underperform the market and they get what they want. If they can pass off yet more risk to the Government and effectively sit there and get paid to be told by the Government what to invest in, they will bite the Government’s hand off, will they not?

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