More than 250 bosses ask chancellor to require schemes to put 25% of assets in British firms, which could unlock £95bn
More than 250 British company bosses have urged Rachel Reeves to use her budget to make UK pension schemes channel extra funds into domestic businesses, increasing private investment by as much as £95bn.
In a letter to the chancellor, business leaders said the government must address a crisis in which pension investment in UK-listed companies has fallen from 53% of total equity holdings in 1997 to 4% this year.
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