MPs to examine boosting pension funds’ UK investment
MPs on the Work and Pensions Committee will question pension industry leaders and finance think tanks on pension funds’ UK investments and how to boost them.
Meeting details
The Government has made releasing funds in pension funds and insurance firms part of its policy to boost investment in the UK in a bid to drive economic growth. The introduction of the Pensions Scheme Bill, reportedly due before the summer, is expected to include measures that would help achieve this.
In recent months, the Government has threatened to mandate in law levels of investment by pension schemes in the UK if they do not do so voluntarily.
Meanwhile, the Committee has published the Government response to the predecessor Committee’s report on Defined Benefit Pension Schemes.