Ministers threaten new pensions law if funds fail to honour UK investment pledge

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Financial Times 20h ago

Ministers threaten new pensions law if funds fail to honour UK investment pledge - Financial Times

Quick Summary:

But Reeves and pensions minister Torsten Bell are also conducting a separate pensions review that will explore whether to introduce new legal powers through the Pensions Schemes Bill this summer.

The Treasury said it would not “provide a running commentary” on its work, but that its review of pensions investment would consider whether “further interventions may be needed by the government” to ensure investments are benefiting UK growth.

A deal to be signed next month would see pension funds agree to allocate 10 per cent of their assets to private funds by the end of the decade, with half in the UK.