BoE governor opposes government plans to mandate pension scheme investment

Andrew Bailey has said he does not support mandation, with the industry suggesting this will be ‘unwelcome’ at the DWP

Holly Roach
clock • 1 min read
BoE governor opposes government plans to mandate pension scheme investment

Bank of England (BoE) governor Andrew Bailey has registered opposition to government plans to mandate pension scheme investment.

The Pension Schemes Bill – which had its second reading in parliament earlier this week – includes a clause that would allow the government to tell defined contribution schemes how to invest in a b...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

TPR launches regulatory initiative to assess how schemes are preparing data

TPR launches regulatory initiative to assess how schemes are preparing data

Assessment on dashboard data covers DB and hybrid schemes as their value data ‘more likely to be out of date’

Holly Roach
clock 14 May 2026 • 2 min read
Aviva writes £0.6bn of BPA volumes in Q1 2026

Aviva writes £0.6bn of BPA volumes in Q1 2026

Insurer says lower BPA volumes so far this year reflect a more ‘subdued’ market

Martin Richmond
clock 14 May 2026 • 2 min read
UK economy grows 0.6% in Q1 despite Middle East conflict

UK economy grows 0.6% in Q1 despite Middle East conflict

Services output grows 0.8%

Linus Uhlig
clock 14 May 2026 • 1 min read
Trustpilot