"Q I want to probe the suggestion that the mandation sunset clause should come back from 2035. You alluded to your rationale for that, but can you expand on the argument about what difference that could make?
"Q Mr Yuille, in terms of your analysis of why there is a higher rate of investment in the UK from international funds than UK funds, do you think that the direction of the Bill will address those causes?
"Q My understanding is that there is broad industry support. You have alluded to it in terms of recognising the direction and the purpose of the mandate. So there does not seem to be that much difference between those years, is my observation.
Jack Jones: Yes, that is the one specific one. More generally, I think there should be guidance that makes it clear to trustees that they have to weigh up the benefits to members, or to make sure that any kind of surplus …..." Rachel Blake - View Speech
"Q I want to go back to member and trustee transparency around surplus flexibility. Could you be more specific on what preparations and possible changes would be needed to give that confidence to trustees and members about any surplus flexibility?
"Q Do you foresee any risks or additional challenges to the regulator in overseeing some of those decisions that might be made by trustees on surplus flexibility?
Jack Jones: It sounds plausible, but we have not really looked at that yet. However, that is certainly something that we can …..." Rachel Blake - View Speech
"Q I used to be on a local government pensions committee, so I bring some of that experience to this question. The Bill talks about the merging of funds and what benefits that could have for savers and members, but it does not talk that much about administration. What …..." Rachel Blake - View Speech