I partially agree, but if my private pension needed to invest into the underperforming FTSE250 by law, I’d just opt out of that system and put my savings into a US/Emerging-markets index myself.

I’m not patriotic enough to spaff my compound interest opportunity on a bunch of dying tobacco, oil, & mineral extraction companies to put any of it to work in the FTSE250.

I don't think regular people should have a say where their pensions are invested. It should automatically be in what's best long term for the country they live in.

A lot of those investments are self-fulfilling though.