Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to support the allocation of a greater share of defined contribution pension capital into UK productive assets, in the context of the Mansion House reforms.

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 productive investment while boosting savers’ pension pots.

The government is currently considering whether further interventions may be needed by the government to ensure that these reforms are benefiting UK growth.

The final report of the Pensions Investment Review will be published in the Spring, ahead of the introduction of the Pension Schemes Bill.