Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of reviewing regulations on pension investments in the context of trends in relation to digital assets in the global economy.

The Government has set out ambitious plans to robustly regulate cryptoassets activities to mitigate the most significant risks, while harnessing the advantages of crypto technologies.

UK investment regulations place a fiduciary responsibility on pension fund trustees and managers to diversify their investment portfolios and seek the highest returns at acceptable levels of risk through a well-designed investment strategy and process. The Government continues to seek ways to encourage trustees and managers to consider a more diverse range of asset classes that will help them achieve this outcome.