Spring Budget 24: Chancellor reaffirms DC and LGPS investment disclosures

'Ensure better value' for schemes

Chancellor Jeremy Hunt has reaffirmed HM Treasury’s intention to ask defined contribution (DC) and Local Government Pension Schemes to disclose their level of investment in international and UK equities.

Following an announcement over the weekend that poorly performing schemes will be monitored on their performance, Hunt confirmed plans to allow The Pensions Regulator and Financial Conduct Authority to "ensure better value from DC schemes" to judge performance on "overall returns not cost". Spring Budget 24: Chancellor 'remains committed' to pot for life reforms Noting the intention to attract investment into the UK tech sector and to encourage more stock market listings in the UK, Hunt said he would build on the Edinburgh and Mansion House reforms to "unlock more pension fund capital...