#Latest news with #pensioncompaniesTimes16-05-2025BusinessTimesRachel Reeves wants your pension to back Britain. It could cost youA big shake-up to pensions could leave savers worse off, while the government continues its drive to get pension firms to invest more in unlisted companies. A deal struck by the pensions industry on Tuesday will result in 17 pension companies, which together manage about £252 billion of savers' cash, investing at least 10 per cent of workplace pensions into private assets by 2030. The so-called Mansion House accord will affect the estimated 14 million savers who have a defined contribution pension (where the amount you get in retirement depends on how much you invest and how your investments perform) in their pension firm's default scheme. These are investment funds selected for you by your pension company — 90 per cent of defined contribution savers
Times16-05-2025BusinessTimesRachel Reeves wants your pension to back Britain. It could cost youA big shake-up to pensions could leave savers worse off, while the government continues its drive to get pension firms to invest more in unlisted companies. A deal struck by the pensions industry on Tuesday will result in 17 pension companies, which together manage about £252 billion of savers' cash, investing at least 10 per cent of workplace pensions into private assets by 2030. The so-called Mansion House accord will affect the estimated 14 million savers who have a defined contribution pension (where the amount you get in retirement depends on how much you invest and how your investments perform) in their pension firm's default scheme. These are investment funds selected for you by your pension company — 90 per cent of defined contribution savers
16-05-2025
