London Stock Exchange: Decline in UK Funds Debate
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Baroness Stowell of Beeston
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London Stock Exchange: Decline in UK Funds
Baroness Stowell of Beeston Excerpts(1 week, 1 day ago)
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Lord Livermore (Lab)
As I have already set out, that is exactly what the pension review is looking at: identifying those barriers and why UK pension funds invest less in the UK than their overseas counterparts. The consultation is currently live and we will feed back on it in due course.
Baroness Stowell of Beeston (Con)
My Lords, can the Minister tell us why, in opposition, the Labour Party proposed that it would follow the French Tibi approach to pension investment when they got into government, but since getting in, it has decided not to mandate investment from pension funds?
Lord Livermore (Lab)
As I say, the pension review is considering whether further government intervention may be needed to ensure that our reforms to the UK pension system benefit UK growth. Of course, throughout this process, we will continue to work with the pensions industry to improve saver outcomes and increase investment in UK markets.