Economic Growth
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of pension reforms on economic growth.
Answered by Torsten Bell
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.
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