mandation

Experts suggest trustees will ‘breathe a sigh of relief’ at the House of Lords vote to remove the power

Comes as concern grows over proposed government power to mandate certain investments

Industry jubilant as mandation power brought into line with the Mansion House Accord

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

Call comes as Bill is at a ‘crucial juncture’ in its passage through Parliament

Jeremy Goodwin says mandation would ‘drive a coach and horses’ through the prudent person principle