There were hopes that Chancellor Rachel Reeves would unveil plans to boost investment in UK equities at her first Mansion House speech, after no initiatives were set out at the Autumn Budget.
Yet, those expectations were once again squandered last night. There was plenty on pension reform, with proposals to create ‘megafunds', alongside efforts to streamline the DC workplace pension market — changes the government claims could unlock £80bn in investment for the UK. Despite much speculation, there were no plans to introduce a mandatory requirement for pension funds to hold specific allocations in domestic markets. At least for now, the government appears to side with those who argue trustees should not be asked to make investment decisions that conflict with their fiduc...
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