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Pension ping pong: Now government backtracks on mandation powers
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Pension ping pong: Now government backtracks on mandation powers
The government has been forced to water down controversial mandation powers in the Pension Schemes Bill after prolonged uproar from the pensions industry and opposition MPs and peers. Pensions minister Torsten Bell has tried to push through the bill with a clause that gives ministers the power to force funds to invest in UK infrastructure projects, as part of what is being viewed as a Westminster power grab dictating where pension funds can allo…
·London, United Kingdom
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