UK Government to Enforce Transparency and Investment in Domestic Assets by Pension Funds

Chancellor Jeremy Hunt announces plans requiring pension funds to disclose investments and performance, aiming to boost UK economy and saver returns.

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.