Pension Funds: Energy and Infrastructure
(asked on 11th September 2020) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what steps her Department is taking to encourage pension scheme investment in (a) infrastructure and (b) energy provision.
The Government is taking action to encourage pension scheme investment in infrastructure and energy provision and support this approach.
We are committed to enabling more diverse investments for pensions schemes that will improve returns to savers and support important sectors of the UK economy as such as infrastructure and energy, as we build back better.
On the 11th September we published a consultation Improving outcomes for members of defined contribution pension schemes which includes measures to enable defined contribution pension schemes to more easily invest in long-term assets like green technology, venture capital, and infrastructure by allowing longer-term calculation methods for performance fees.
We also want pension scheme members to benefit from well-run pension schemes that have sufficient scale to invest in assets such as energy and infrastructure, and that provide good value for money. Therefore, the consultation also includes proposals on a more comprehensive value for members’ assessment to encourage accelerated consolidation within the market, This will enable trustees to take a longer-term approach to delivering for savers by expanding the range of investments and strategies they can utilise to achieve this.