New Clause 5 - Duty to act in the best interests of members

Part of Pension Schemes Bill – in a Public Bill Committee at 2:30 pm on 4th November 2014.

Alert me about debates like this

Photo of Stephen Hammond Stephen Hammond Conservative, Wimbledon 2:30 pm, 4th November 2014

The hon. Gentleman talks about a conflict of interest, but he will recognise that fund managers under the proposed new regulations have to detail exactly their broker expenses and costs of dealing, so that they are transparent. One should not go too far down that line.