Written question asked by David Pinto-Duschinsky (Labour) on Wednesday, 14 May 2025, in the House of Commons. It was due for an answer on Tuesday, 20 May 2025 (named day). It was answered by Torsten Bell (Labour) on Tuesday, 20 May 2025 on behalf of the Treasury.

Economic Growth

Question: What assessment she has made of the potential impact of pension reforms on economic growth.

Answer: The government is committed to reforming our pensions landscape to increase returns for savers and boost growth for Britain. This is a journey the industry is already on. Last week, 17 workplace pension providers signed the Mansion House Accord, pledging to invest 10% of their main default funds in private assets, such as infrastructure, by 2030. At least 5% will be for UK assets, which could unlock over £25bn of new UK investment in key sectors.

Secondary information