Pension funds could do so much more to boost Britain – this Mansion House Compact is just the very start
Chancellor could and should be much more ambitious for pension funds to boost Britain. Mansion House Compact is welcome as far as it goes – but is just the tip of the iceberg. Just 5% of funds helping start-ups and scale-ups from Defined Contribution schemes by 2030 and perhaps another 5% of assets from Local Authority pension schemes, seems rather unambitious. At least 25% of each pension fund originated from taxpayer reliefs – with tax and National Insurance reliefs costing…