Industry praises House of Lords decision to remove mandation power from bill

Industry says power to dictate pension scheme asset allocation is ‘unnecessary’

Holly Roach
clock • 3 min read
Industry praises House of Lords decision to remove mandation power from bill

The industry has welcomed the House of Lords decision to remove the government’s investment mandation power from the Pension Schemes Bill.

Members of the house voted yesterday (19 March) on the amendment which looked to remove the power the government proposed to allow it to dictate pension schemes to invest in assets of its choosing ...

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