'Common sense prevails' as Pensions Schemes Bill passes with investment trusts included

The move has been described as "a sensible, pragmatic step and a real victory for common sense", after pensions minister Torsten Bell previously suggested listed equities would be excluded as they "do not invest new money".  Campaign groups have spent the last two months pressuring the government to include investment trusts as a ‘qualifying asset' in the Pension Schemes Bill.  Members of the House of Lords, fund managers, CEOs and investors in UK trusts penned a letter to the minister in February, urging him to include investment trusts in the bill to encourage increased pension fund...