An influential financial think-tank has called on the UK government to amend a bill to force workplace pension default funds to invest more in UK equities, proposing an allocation that could drive more than £75b into British stocks by the end of the decade.
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Pension funds should have 20 per cent of equities invested in UK, says think-tank
New Financial said on Thursday that there is a “window of opportunity” for the government to create UK-weighted default funds across the defined contribution (DC) pension system.
