U.K. leaders call on pension funds to invest more at home
U.K. pension funds and other institutional investors should join other countries’ investors benefiting from British infrastructure and other long-term investments and rely less on the stock market, said Prime Minister Boris Johnson and Chancellor of the Exchequer Rishi Sunak in an open “challenge letter” Wednesday.
Millions at a loss on pension funds
Millions of savers have no idea whether the fund in which their pension funds are invested is any good, says the Times, citing recent research. This showed that many insurers are among those whose funds are in the doghouse, having earned consistently poor returns.
Questions over lifestyle pension funds
Old-fashioned pension funds with over £100 billion in assets could deliver much less than retirees expect, according to research by Which?, says the Financial Times.