Mansion House Accord Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
Ashley Fox
Main Page: Ashley Fox (Conservative - Bridgwater)Department Debates - View all Ashley Fox's debates with the Department for Work and Pensions
(2 days ago)
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Torsten Bell
Exactly; that is what is going on. I speak to pension funds every week who say they are looking to increase their allocation of UK assets because political stability has been delivered—because Liz Truss has been exited from this building. I speak to Australian and Canadian pension funds as well who are saying that they want to open an office in the UK because political and economic stability has arrived.
Sir Ashley Fox (Bridgwater) (Con)
Increased investment in the United Kingdom is always welcome. Will the Minister confirm that this Government will never interfere in the fiduciary duty of pension trustees to get the best return for their members?
Torsten Bell
The job of pension trustees is absolutely to deliver for their savers and the accord today is delivering exactly that, making sure that we have diversity of asset allocations in our pension schemes. So the answer to the hon. Member’s question is yes.