Investment Management (Fiduciary Duties) Bill

A Bill to place a fiduciary duty on those involved in managing an investment to act in the best interest of investors, including pension savers, in a transparent and accountable way; and for connected purposes.

Originating House

House of Commons

Parliament last updated

15 May 2014

In Plain English

AI-generated

May contain errors — check source documents for definitive information.

This Bill would require those who manage investments to act in the best interests of investors, including pension savers. It would demand that investment decisions are made in a transparent and accountable way, strengthening protections for savers and other investors. It also provides for related measures to support these duties.

Key Points

Imposes a statutory fiduciary duty on those involved in managing investments to act in investors’ best interests (including pension savers).
Requires investment decisions to be transparent and accountable.
Applies to managers and advisers involved in investment management (and related pension schemes).
Includes connected purposes to support governance and investor protections.

Progress

The bill is currently at the 2nd reading in the House of Commons. It originated in the Commons and was first introduced in 2014.

Who is affected?

Pension savers and other investorsInvestment fund managers and advisersPension schemes and trusteesRetail investors

Generated 21 February 2026

Bill Stages

1st readingCommons

5 Feb 2014

2nd readingCommons

Committee stageCommons

Report stageCommons

3rd readingCommons

1st readingLords

2nd readingLords

Committee stageLords

Report stageLords

3rd readingLords

Royal Assent

Updates & Documents

News (1)

News - Investment Management (Fiduciary Duties)

1 Jan 1970

The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress.

Parliamentary Votes (0)

No recorded votes for this bill yet.