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Written question asked by Kanishka Narayan (Labour) on Wednesday, 2 April 2025, in the House of Commons. It was due for an answer on Monday, 7 April 2025. It was answered by Torsten Bell (Labour) on Wednesday, 9 April 2025 on behalf of the Treasury.


Pension Funds: Reform

Question

To ask the Chancellor of the Exchequer, what steps she is taking to support the allocation of a greater share of defined contribution pension capital into UK productive assets, in the context of the Mansion House reforms.

Answer

The government published the Interim Report of its Pensions Investment Review at the Mansion House event on 14 November. This Report puts forward ambitious proposals to reform the UK pension system which could unlock productive investment while boosting savers’ pension pots.

The government is currently considering whether further interventions may be needed by the government to ensure that these reforms are benefiting UK growth.

The final report of the Pensions Investment Review will be published in the Spring, ahead of the introduction of the Pension Schemes Bill.


Secondary information

Type
Written question
Reference
43512
Session
2024-26
Transferred
Yes
Subjects
Pension funds Reform
Link
View this Written question on www.parliament.uk