A deal to be signed next month would see pension funds agree to allocate 10% of their assets to private funds by the end of the decade, with half in the UK. But industry executives say the Treasury has warned them it may mandate the requirement if pension funds fail to hit the new targets.
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Ministers threaten new pensions law if funds fail to fulfil UK investment pledge
“We have our arms shoved up behind our backs,” said one pensions executive.
