Pension Funds: Risk Assessment
Commons · Question 44971 · Tabled 8 Apr 2025 · Department for Work and Pensions · Official record
Answered 24 Apr 2025
Question
Asked by Mary Glindon
To ask the Secretary of State for Work and Pensions, if she will take steps to ensure that fiduciary duty explicitly places a duty on pension fund trustees to consider system risks.
Answer
Answered by Torsten Bell, 24 Apr 2025
Trustees have a range of duties set out in governing provisions of the scheme, common law and relevant statutory provisions. These include duties to make investment decisions in the best interests of members of the pension scheme. The Law Commission concl...