Written Question·Department for Work and Pensions·UIN 44971
Pension Funds: Risk Assessment
Tabled: 8 April 2025
Answered: 24 April 2025
Named DayQuestion
Mary Glindon
Labour — Newcastle upon Tyne East and Wallsend
To ask the Secretary of State for Work and Pensions, if she will take steps to ensure that fiduciary duty explicitly places a duty on pension fund trustees to consider system risks.
Answer
Torsten BellTrustees have a range of duties set out in governing provisions of the scheme, common law and relevant statutory provisions. These include duties to make investment decisions in the best interests of members of the pension scheme. The Law Commission concl...
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