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UK pensions: PLSA growth-investment proposals, Australian-style DC regulatory reform paper, and LGPS dashboards/AVC guidance—plus key dates and trackers (15 August 2024)

Published on: 15 August 2024

Published by a LexisNexis Pensions expert
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In this issue:

  • Investment
  • Scheme governance
  • Local government
  • Daily and weekly news alerts
  • Dates for your diary
  • Trackers

PLSA makes recommendations on making UK growth assets more investable for pension funds

The Pensions and Lifetime Savings Association (PLSA) has issued ‘Pensions and Growth: Creating a Pipeline of Investable UK Opportunities’, outlining practical steps to foster conditions that enable schemes to channel more retirement savings towards attractive UK growth opportunities. It follows last year’s Pensions and Growth paper, which identified six domains where hurdles could be lifted, or where schemes might be nudged to commit additional capital to ‘emerging’ and ‘higher risk’ segments capable of powering UK economic expansion. The PLSA estimates that most of the £1tn held by pension funds sits in gilts, other fixed income instruments and listed equities. The paper acknowledges trustees’ fiduciary duties, noting investments will only be made where risk–return profiles align with members’ interests. However, with government, schemes, managers, investee businesses and advisers each contributing, the PLSA sees considerable potential...

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