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
Image:

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...

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

Jonathan Stapleton
Author spotlight

Jonathan Stapleton

View profile
More from Jonathan Stapleton

WTW launches streamlined longevity swap solution

The opportunities that most excite sponsors and trustees about CDC

More on Defined Contribution

Troy Clutterbuck – Value for money should be assessed across all pensions
Defined Contribution

Troy Clutterbuck – Value for money should be assessed across all pensions

Pot destinations aren’t always held to the same standards as workplace schemes

Troy Clutterbuck
clock 29 July 2026 • 3 min read
Partner Insight: 'Access was only the beginning' - three years on from the UK's first LTAF
Defined Contribution

Partner Insight: 'Access was only the beginning' - three years on from the UK's first LTAF

Debates around private markets in DC pensions have shifted from regulatory ambition to defining successful implementation. In this interview, Vikram Bhandari shares our insights from three years of managing the first-ever long-term asset fund (LTAF)....

Ryan Taylor, Head of UK DC Clients at Schroders and Vikram Bhandari, Head and Chief Investment Officer of Schroders Capital Solutions
clock 24 July 2026 • 12 min read
Partner Insight: The future belongs to scale – but there's more to it
Defined Contribution

Partner Insight: The future belongs to scale – but there's more to it

As the market consolidates, what does it mean for members and trustees?

Jerry Butcher, Workplace Savings Director, Scottish Widows
clock 22 July 2026 • 5 min read
Trustpilot