Mansion House Accord Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
Meg Hillier
Main Page: Meg Hillier (Labour (Co-op) - Hackney South and Shoreditch)Department Debates - View all Meg Hillier's debates with the Department for Work and Pensions
(1 day, 23 hours ago)
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Dame Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)
I draw attention to my entry in the Register of Members’ Financial Interests as a trustee of the parliamentary contributory pension fund. The points about fiduciary duty have been made. Given that fund managers will need time to pool together funds that reflect the Government’s wishes and the voluntary accord, when does the Minister expect it to kick in? At that point, might he consider mandation?
Torsten Bell
The decision by the industry, reflecting the question that the Chair of the Select Committee raises about pace of change, is that the targets for asset allocation are for 2030.