Britain's government is aiming to boost growth and increase stock market listings by encouraging pension funds to invest in startups. The proposal, known as 'pot for life,' is met with skepticism from the retirement industry. Chancellor Jeremy Hunt plans to stick to the triple lock, leading to an 8.5% state pension hike. The move is intended to nudge billions of pounds of pension cash into new UK companies, but challenges of keeping investor interest remain. The government's efforts to unlock growth capital for firms are welcomed, but problems with pension investment in Britain have been allowed to fester for too long, with less than 0.5% of the UK's pension funds going to founders solving the climate crisis.
Pension funds need reforming in more ways that one... Imagine if more than 0.5% of the UK's pension funds was going to founders solving the climate crisis... https://t.co/7hALm8SDL6
Britain’s government is trying to unlock growth capital for firms. The chancellor’s push to get pensions funds to invest in startups is welcome https://t.co/7spJZvRLTc 👇
Problems with pension investment in Britain have been allowed to fester too long. The fact that pensions have snagged both main parties’ attention is a good thing https://t.co/c60sXCgg1V 👇
Britain’s government is trying to unlock growth capital for firms. The chancellor’s push to get pensions funds to invest in startups is welcome https://t.co/1jLuOSQ4uY 👇
U.K. retirement industry skeptical of government's 'pot for life' proposal https://t.co/U1oTt6Iej1 via @pensionsnews @bySophieBaker
Pensioners in line for 8.5% state pension hike - an extra £18 a week - in the Autumn Statement as Chancellor Jeremy Hunt sticks to triple lock boosted by high inflation rate https://t.co/ZZHoiZHJmC https://t.co/TcRAgpzqaO
Britain’s growth bet on pension pots a long haul task https://t.co/ZVtO753hPA https://t.co/D3wNRtRtiE
⚠️ ANALYSIS-BRITAIN’S GROWTH BET ON PENSION POTS A LONG HAUL TASK Full Story → https://t.co/uZ5pfJAy15 Britain's plans for nudging billions of pounds of pension cash into new UK companies to boost growth and increase stock market listings leave challenges of keeping investor… https://t.co/n09VSCQjH9 https://t.co/6EXm6CIiKR