Prime Minister and Chancellor urge investors and pension schemes to invest more in long-term assets to give savers better returns. UK investors and pension schemes have been urged by the Prime Minister and the Chancellor to ignite an “investment big bang” to help drive the economic recovery from the pandemic towards “an innovative, greener future for the UK”. An open letter to UK institutional investors published yesterday – signed by both Boris Johnson and Rishi Sunak – calls on institutional investors to channel a greater proportion of their hundreds of billions of pounds of capital in long-term UK assets – such as infrastructure and “pioneering” companies and innovations – to enable pensions savers to access better, greener returns. It states that, while “there is no right answer” for the amount that should be invested in long-term asset classes, they “strongly believe this is a question that all institutional investors should be considering”.
Business Green 5th Aug 2021 read more »