Pensions minister says schemes must invest more in UK

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Financial Times 19h ago

Pensions minister says schemes must invest more in UK - Financial Times

Quick Summary:

Ministers have made reforming the UK’s pension industry a cornerstone of the government’s plans to boost Britain’s economy.

Bell said on Wednesday that larger schemes were “better able to invest in more productive asset classes . . . and that’s precisely because they can take a wider range of risks and build more sophisticated investment capacity”.

Those tensions can exist in some cases but they are often overdone,” he said, in his first public speech since his appointment as pensions minister in January.“A better economy underpinned by higher investment . . . is in everyone’s interests.