EconomyNational 1d 6h left
Should the government force UK pension funds to invest more in British companies?
Business secretary Peter Kyle has warned UK pension funds to invest more in Britain or face legal mandates. Successive governments including Rachel Reeves have sought higher domestic investment, securing voluntary commitments of up to £50bn via the Mansion House accord. Reeves has also obtained powers to mandate investment in UK assets despite City opposition.
SourceThe Guardian
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2 Opinions
Government has no expertise in fund management. This will be the next financial service misselling scandal if implemented.
Pension funds should be for the benefit of the investor not the state.