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 source told Reuters. Any changes to the pensions industry would be "evolutionary not revolutionary", Hunt planned to say, vowing that the reforms would never compromise Britain's competitive position as a leading financial center.

"On average, Australian and Canadian pension funds currently provide better performance. We need to follow their example, encourage consolidation of schemes and deliver better retirements, which will also support growth," it said in a statement.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK's Hunt to detail plans to steer pensions into growth investmentBritish finance minister Jeremy Hunt will spell out on Monday long-awaited plans to encourage pension funds and other asset managers to invest in high-growth sectors, the Treasury said on Sunday.
Source: Reuters - 🏆 2. / 97 Read more »

UK set to ease stock market listing rulesFinance Minister Jeremy Hunt in his Mansion House speech on Monday will set out new measures to heighten the appeal of British markets to firms seeking to float in its stock exchanges, UK's Treasury said in a statement on Friday.
Source: Reuters - 🏆 2. / 97 Read more »

Jeremy Grantham on superbubble, stock market crash, AI boom: quotesLegendary investor Jeremy Grantham revealed how the AI craze has changed the odds of an epic market crash. Here are the 8 best quotes.
Source: BusinessInsider - 🏆 729. / 51 Read more »