(Thursday 5th June) Reacting to the publication of the Pension Schemes Bill, Claire Brinn, Senior UK Policy Manager at ShareAction said:

"The Pension Schemes Bill is a defining moment in pensions policy and shaping the future for UK pensions savers, however as it stands it is a missed opportunity to clarify fiduciary duty.

"ShareAction will be supporting an industry-backed amendment to address legal uncertainty for pension schemes on the consideration of longer-term impacts and members’ standards of living, whilst ensuring a continued duty to act in members’ financial interests. This asset class-neutral amendment will reduce legal risks for trustees whilst making it easier to - voluntarily - invest in the UK economy."

ENDS