Overview

• Underperforming pension funds will be barred from winning new business under a government crackdown to be announced by Jeremy Hunt.
• Pension funds will be required to disclose their levels of investment in British businesses and compare their performance against competitors.
• The changes aim to drive more domestic investment and improve overall returns for savers by focusing on productive, higher-returning assets.
• Entrepreneurs will receive a boost with the reinstatement of previous income and net asset thresholds for angel investor scheme eligibility.
• The Financial Conduct Authority and the Pensions Regulator will be granted new powers to intervene in poorly performing schemes, with most changes requiring parliamentary approval.