City's Tussle With Labour Heats Up Over Pensions, Cash Savings
The tussle between asset managers and the UK government over mooted pension and savings changes aimed at boosting investment in the domestic economy is intensifying.
Chancellor of the Exchequer Rachel Reeves refused to rule out forcing pension funds to allocate money to UK assets in a Bloomberg Television interview on May 13. The Treasury is planning to legislate to give itself the power to mandate investment by pension funds.
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