Pension Savers Opposed To Gov't 'Big Bang' Investment Plan
By Martin Croucher (September 30, 2021, 12:46 PM BST) -- Seven in 10 retirement savers are opposed to government calls for schemes to invest in illiquid assets and fear their benefits could be placed at risk, according to a survey released on Thursday by a pensions provider.
PensionBee said that 70% of respondents to a survey had concerns over the government's "big bang" investment drive for pension schemes.
The government is weighing proposals on whether to lift a cap on how much the country's £500 billion ($670 billion) workplace pension sector could invest in longer-term, less liquid assets such as infrastructure and start-ups. Prime Minister Boris Johnson said in August that he...
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