Rachel Reeves’s plan to mandate how pension funds invest was always a mistake | Nils Pratley

The push for increased domestic investment by pension funds, while well-intentioned, raises critical questions about the balance between national economic interests and the fiduciary responsibilities owed to clients. Mandating such investments could lead to conflicts of interest and undermine the foundational principles of pension management. The voluntary nature of the Mansion House accord reflects an understanding of these complexities, yet the pressure on funds to conform could create a slippery slope.