UK Firms Urge Pension Reforms to Boost Investment, Aon Joins Pensions Compact, UK Considers Growth Fund

Top executives from major UK firms are urging the government to accelerate pension reforms to boost investment in local businesses. They highlight the decline in pension investment in UK equity markets and the concentration of funds in homegrown businesses of other countries. Aon UK has joined a group of companies to invest in unlisted companies as part of a UK pensions 'compact'. The UK government is considering creating a growth fund similar to Canada's Growth Fund to boost investment in green technology and fast-growing businesses.