Pensions for Economic Growth | IPT
Chair: Rt Hon Sir Stephen Timms MP, Chair, Select Committee on Work & Pensions
Speaker: Nigel Peaple, Director of Policy and Research, Pensions and Lifetime Savings Association
Speaker: Yvonne Braun, Director of Long Term Saving and Protection, Association of British Insurers
Breakfast Meeting

Date:

Tuesday 21 May 2024

Venue:

House of Commons

Start Time:

08:30

End Time:

09:30

In July 2023, the Chancellor delivered the Mansion House Reforms aiming to boost returns on pension funds, incentivise companies to start their business in the UK and simplify regulation to encourage growth. The Autumn Statement also saw another announcement that would allow employees to ask their employer to pay into a pension scheme of their choice instead of the employer’s choice. Although this is yet to be debated, it would allow consumers more flexibility. Digital technologies and innovation could play a pivotal role in the type of investment strategies firms might make, with some technology able to verify the reliability of environmental, social and governance (ESG) stocks that investors are keen to support. As we approach one year since the Mansion House Reforms, how can the UK ensure that pensions are given the right investment opportunities to grow effectively? 

The event will:

  • Discuss how investment of pensions for innovative sectors such as fintech and life sciences could attribute to higher growth in the UK.
  • Examine the contribution that new technological advancements can make to support pension growth.
  • Analyse the value for money framework and the short-, medium- and long-term effects this regulation could have.