Moves amendments to the Bill that aim to retain the original policy intent while addressing concerns raised in both Houses. The proposed changes include a new requirement for regulators to assess barriers to private asset investment, placing a duty on the Government to have regard to these assessments before using the reserve power; reinforcing the role of trustees and providers by modifying the savers’ interest test; and allowing for consideration of direct or indirect holdings in specific investment vehicles. The amendments aim to ensure that competitive pressure focused on cost minimisation does not hinder diversification, as recommended by the Labour party manifesto and confirmed by the industry.