Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, if she will make an assessment of the potential merits of requiring a at least 25% of all new pension contributions to be invested in social and green infrastructure projects.

Investing in the right assets to deliver good saver returns, support growth and meet our environmental aims is key to the Government’s pensions initiatives. Proposals put forward by the November 2024 Interim Report of the Pensions Investment Review, aim to deliver a major consolidation of the defined contribution workplace market, and require 86 Administering Authorities of the Local Government Pension Scheme (of England and Wales) to delegate management of their investments to pools. Our objective is to enable schemes to invest in a wide range of assets including infrastructure, meeting social and green aims. The Government expects to publish its Final Report in Spring 2025.