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UK upper chamber removes govt powers on asset allocation requirement from new bill (correct*)

By Sofia Gerace ( March 19, 2026, 15:16 GMT | Insight) -- Lawmakers in the UK’s upper chamber have voted to prevent the government from holding a reserve power to force certain pension schemes to invest a minimum percentage of assets in specific areas. A total of 217 members of the House of Lords voted to remove the power from the upcoming Pension Schemes Bill, while 113 voted against the amendment.Lawmakers in the UK’s upper chamber have voted to prevent the government from holding a reserve power to force certain pension schemes to invest a minimum percentage of assets in specific areas....

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