Many of the points made by the report reflect the PMI’s position on investments, as set out in its call for evidence response to the Pension Schemes Bill.  

Welcoming the LCP report, Helen Forrest Hall, Chief Strategy Officer at the PMI, said: 

"This report reinforces our long‑held view that pension policy must be driven by evidence of what works best for savers here in the UK, not political pressure. The findings show that scale, not compulsion, drives productive investment, and that schemes will diversify naturally as they grow. The PMI echoes this. Trustees must remain free to follow their fiduciary duty to savers when considering investments, and policymakers should target genuine market failures while avoiding blunt interventions.” 

Notes to editors:  

• The Pensions Management Institute (PMI) is the UK’s leading professional body for those working in pensions and retirement savings. With over 8,500 members, the PMI represents the broadest range of pensions professionals and trustees in the country.  

• Its members are responsible for managing and advising some of the world’s largest pension schemes, making key decisions on substantial financial matters. With more than £1 trillion invested in UK pensions, PMI members play a vital role in shaping the nation’s financial future. With five decades of experience, PMI remains at the forefront of pensions education and thought leadership.  

Press contact:  

For media enquiries, please contact Matt Adams, Head of Media and PR at pressoffice@pensions-pmi.org.uk