House of Lords right to remove government power to direct pension investments

Quick take from Nigel Green, deVere Group CEO and Founder

“The House of Lords has made the right call.

“Pension funds are not tools of government policy. They exist to deliver the strongest possible outcomes for savers, and that requires independence in how capital is allocated.

“Giving ministers the power to influence where defined contribution schemes invest risks crossing a line that should not be blurred. Investment decisions must be driven by returns, risk management and diversification, not political priorities.

“There’s a better way to attract investment into UK markets. Improve the environment, strengthen opportunities, and capital will follow. Coercion achieves the opposite.

“Confidence in long-term saving depends on clarity and trust. Savers need to know their pensions are managed with discipline and independence. This decision protects that principle.”