questionText: To ask the Secretary of State for Work and Pensions, with reference to the oral contribution of the Parliamentary Under-Secretary of State for Work and Pensions in the Report Stage of the Pension Schemes Bill on 3 December 2025, whether the guidance on fiduciary duties will cover the (a) ability to consider system-level risks, (b) ability to consider the impacts of investments and the organisations in which schemes invest, including on members' standard of living, (c) ability to consider members' views and (d) duty to cover matters when they are financially material.
answerText: The Government is committed to ensuring that private pension trustees have a clear, range of guidance, with the objective of supporting consideration of wider factors within their existing legal obligations. This will include clarification and practical s...
heading: Pension Funds