UK's Hunt to detail plans to steer pensions into growth investment

In Monday's speech at the City of London's Mansion House, Hunt will explain how the reforms could increase returns for pensioners and unlock capital for businesses, the Treasury said.

He was expected to announce a list of insurers and asset managers who have signed up in principle to invest more in alternative assets, a senior industry sourceHunt will also seek to assuage concerns that the push to secure funding from long-term investors such as pension funds could hurt the government bond market, saying in his speech that he would prioritise a "strong and diversified gilt market".

Financial services lobby group TheCityUK said government policy should aim for pension funds to invest in growth and in turn deliver higher returns.

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