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UK pensions lobby urges withdrawal of mandation power as bill enters final stages

By Sofia Gerace ( March 3, 2026, 15:16 GMT | Insight) -- Lobby group Pensions UK has urged the government to drop a proposed power in the Pension Schemes Bill that would allow ministers to set asset allocation requirements for certain workplace pension schemes. The bill is approaching its final stages in the House of Lords this month.The main UK body representing the workplace pensions industry has called on the government to withdraw a proposed power that would allow ministers to direct how workplace pension schemes invest savers’ money, as a new bill approaches its final stages in parliament....

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