UK Pension Reforms: Unlocking Capital and Boosting Investment

UK Chancellor Jeremy Hunt unveils plans to allocate GBP300 million to unlock GBP50 billion in capital from British pension funds, aiming to boost retirement savings and encourage investment in fintech, life sciences, biotech, and clean technology sectors. Top executives from various companies urge the UK government to accelerate pension reforms to boost investment in local businesses. Aon UK joins a group of companies to invest 50 billion pounds 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.