UK. Pension billions could be unlocked to boost economic growth and savers’ returns

Billions of pounds of investment could be unlocked by pension schemes to fund start-up companies and infrastructure projects, boosting Britain’s economy and savers’ returns, under proposals unveiled by the government on February 5. Members of occupational defined contribution (DC) pension schemes may be missing out on potential benefits of long-term investments in ventures such as small firms, housing, green energy and sustainable development, according to the Minister for Pensions. Assets in occupational DC schemes have almost tripled to £60 billion since the start...