Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what plans she has to help increase investment in the UK by UK-based pension funds.

The Government published the Interim Report of its Pensions Investment Review at the Mansion House event on 14 November. This Report puts forward ambitious proposals to reform the UK pension system which could unlock around £80 billion of productive investment while boosting savers’ pension pots.

The consultations on the proposed measures will close on 16 January. The review will use its next stage to consider whether further interventions may be needed by the government to ensure that these reforms are benefiting UK growth. The final Pensions Investment Review report, including the final proposals to be legislated for, will be published in the Spring ahead of the introduction of the Pension Schemes Bill.