Chancellor’s ‘megafunds’ plan for pensions will help lift UK from bottom of G7 investment league, says IPPR 

IPPR has responded to the government’s plans for pension reforms, to be set out in Rachel Reeves’ Mansion House speech on Thursday evening.

Dr George Dibb, associate director for economic policy at IPPR, said:

"With the lowest levels of investment in the G7—and among the lowest in the developed world—the UK has languished at the bottom of the league for 24 of the past 30 years. These pension fund reforms should help to end that.

"Consolidating pension pots into 'megafunds' will unlock substantial capital for UK investment, enabling more high-impact, high-return ventures. Paired with a comprehensive industrial strategy and the highest levels of public investment since the 1970s, these reforms will help shift the UK economy toward sustained investment and growth."

ENDS

Dr George Dibb is available for interview

CONTACT

David Wastell, Director of News and Communications: 07921 403651 d.wastell@ippr.org

Georgia Horsfall, Digital and Media Officer: 07931 605737 g.horsfall@ippr.org

NOTES TO EDITORS

1. Recent IPPR publications relevant to investment issues include:

- On how the UK has lagged other G7 economies for investment:Rock bottom: Low investment in the UK economy -https://www.ippr.org/articles/rock-bottom

- On how to modernise fiscal rules to enable vital public investment:Budgeting better: How the UK could start to improve its fiscal framework and boost growth - https://www.ippr.org/articles/budgeting-better