Incentivising UK pension funds to invest 25% of new contributions in Britain, in exchange for tax relief
Pensions are key to reviving Britain – requiring pension schemes to invest at least 25% of new contributions in UK growth assets would boost long-term investment at no extra Exchequer cost. Pension funds have abandoned UK equity markets. Restoring domestic investor support is vital to stem the outflow of good companies. This is incentivsation not mandation, it uses the £70billion a year tax reliefs to help Britain, while pension managers are free to invest over 75% overseas – but without…