Schemes urged by government to ignite investment 'big bang'

PM and chancellor urge schemes to invest more in long-term assets to give savers better returns

Holly Roach
clock • 5 min read
The government said the money sitting in UK institutional investors needs to be used to drive the UK’s recovery
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The government said the money sitting in UK institutional investors needs to be used to drive the UK’s recovery

UK pension schemes have been urged by prime minister Boris Johnson and chancellor Rishi Sunak to ignite an ‘investment big bang’ to drive the UK economy as it recovers from the pandemic.

In an open letter to UK pension schemes - published yesterday (4 August) - the pair said while "there is no right answer" for the amount that should be invested in long-term asset classes, they "st...

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