UK. BoE governor says mandating pension investments is ‘not appropriate’
The government's proposed power to influence investment decisions within defined contribution (DC) pension schemes, outlined in the Pension Schemes Bill, has faced renewed scrutiny after Bank of England governor, Andrew Bailey, cautioned that such an intervention would not be "appropriate” and require “a lot of heavy lifting". According to the Press Association, Bailey said today (9 July) that he supports structural changes in the pensions industry but rejected the idea of mandating where schemes should allocate capital, stating: “I do not...
