Asked by: David Pinto-Duschinsky (Labour - Hendon)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of pension reforms on economic growth.
Answered by Torsten Bell - Parliamentary Secretary (HM Treasury)
The government is committed to reforming our pensions landscape to increase returns for savers and boost growth for Britain. This is a journey the industry is already on. Last week, 17 workplace pension providers signed the Mansion House Accord, pledging to invest 10% of their main default funds in private assets, such as infrastructure, by 2030. At least 5% will be for UK assets, which could unlock over £25bn of new UK investment in key sectors.