Latest news with #UKinvestment
Bloomberg
13-05-2025
- Business
- Bloomberg
Bloomberg Talks: Rachel Reeves
Chancellor of the Exchequer Rachel Reeves said she didn't rule out mandating pension funds to allocate money to UK assets, as the government seeks to channel more investment into the domestic economy. She is joined by Bloomberg's Lizzy Burden.
Bloomberg
13-05-2025
- Business
- Bloomberg
Reeves Says ‘Never Say Never' on Mandating UK Pension Investment
Chancellor of the Exchequer Rachel Reeves said she didn't rule out mandating pension funds to allocate money to UK assets, as the government seeks to channel more investment into the domestic economy. 'Never say never,' Reeves said in a Bloomberg TV interview on Tuesday, when asked if she was considering forcing funds to invest in British companies and infrastructure projects. 'But I don't think it's necessary. We don't need to mandate them if people are willing to sign a voluntary accord.'
Times
12-05-2025
- Business
- Times
Pension funds ‘volunteer' to invest £25bn more in UK assets
The majority of Britain's biggest workplace pension funds have pledged to increase their investments in the UK by £25 billion after pressure from the government to support the economy. Seventeen of the country's leading defined-contribution scheme providers, including Aviva, Legal & General, Phoenix and Royal London, will sign a voluntary agreement on Tuesday to invest at least 10 per cent of their default funds in potentially higher-returning but riskier private markets by the end of the decade with half, or 5 per cent, allocated to the UK. The Treasury estimated that the commitment to British assets would unlock £25 billion directly for the UK economy, and that the overall package represented as much as £50 billion of investment. Rachel Reeves, the chancellor, called the agreement,
