Chancellor Rachel Reeves has proposed that pension funds prioritize investment in UK infrastructure, potentially mandating this shift if voluntary agreements are insufficient. Critics warn that such a move could harm the value of retirement plans. Notably, Joe Dabrowski of the Pension and Lifetime Savings Association expressed concern that mandatory investments could destroy trust in the pension system. Shadow Chancellor Mel Stride and others cautioned against using pension savings to remedy governmental financial issues, emphasizing the importance of priority on high-return investments for savers' benefits.
There's a really important question of trust. Trust in the pension system is sometimes fragile, and the risk that people perceive government interference in their investments is a real one.
Pension savings should never be there to dig a chancellor out of the economic hole that she has made.
Forcing us to invest in the UK solely may run counter to that.
We would be against any form of mandatory investment guidelines that could compromise the financial returns for our members.
Collection
[
|
...
]