UK Gov't To Plow Pension Investments Into Wider Economy

Law360, London (February 5, 2019, 7:20 PM GMT) -- The U.K. government could encourage defined benefit pension schemes overseeing a total of £60 billion ($78 billion) to invest in small companies, housing and green energy under proposals outlined by the Department for Work and Pensions on Tuesday.

Pensions Minister Guy Opperman unveiled proposals designed to help more than 10 million savers access more diverse investments, and to pump money into jobs, productivity and growth.

Under the plans, pension schemes with more than 5,000 members could be required to report every year on how much they are investing in the areas the government is aiming to encourage. The changes would also...

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