The London Stock Exchange called for defined contribution (DC) default funds to allocate a minimum of 25% of their assets to UK investments.
In response, Yvonne Braun, Director of Policy, Long-Term Savings commented:
“When talking about how pensions should be invested, we must remember these are people’s retirement incomes, and their interests must be at the heart of all policy decisions.
The UK pension industry is already working to execute the ambitious agenda of the Mansion House Accord, which the industry created voluntarily, to invest in UK businesses and infrastructure. The Accord will drive UK growth and deliver for savers. In the same way, any investment should be made as a rational choice by investors, rather than because of outside pressures.”