Pension Schemes Bill will give ministers 'unlimited powers' on DC investments

‘Henry VIII’ clauses set no limits on amount or type of assets which government could force pension funds to buy

Jonathan Stapleton
clock • 3 min read
Baroness Ros Altmann: Government does not know best how to invest
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Baroness Ros Altmann: Government does not know best how to invest

The Pension Schemes Bill will give ministers “unlimited power” to dictate scheme investments, Baroness Ros Altmann says.

The former pensions minister said clause 40 of the Pension Schemes Bill, currently going through the House of Lords, contained "astonishing provisions" which she said would enable government to "is...

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