Pensions review kicks off with three-week call for input
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A call for evidence for the government’s pensions review has been published to seek input, data and information for the first phase of this. It closes on 25 September.
The review, led by the pensions minister, will focus on defined contribution workplace schemes and consolidation of the Local Government Pension Scheme, and how both scheme types can invest in the UK. The government said the review will engage “extensively” with stakeholders via meetings and workshops “but would also welcome written submissions through the survey link provided from relevant organisations and individuals on these topics”.
It is also inviting those with existing data or unpublished analysis or reports to consider sharing these with the review, which can be emailed to pensions.review@hmtreasury.gov.uk
The call for evidence published on Wednesday has five questions on scale and consolidation, two on costs versus value, and three on investing in the UK. They range from the pros and cons of a more concentrated DC market, the perceived success of LGPS consolidation, and whether the government should intervene “to encourage pension schemes to increase their investment budgets in order to seek higher investment returns from a wider range of asset classes”, to what is influencing investment “patterns” in UK asset classes by UK pension funds and how to incentivise investments for local growth. What are your thoughts on some of the questions the government is asking?
