Patrick Hosking reports in the Times: ‘Ministers are rowing back from a radical plan to encourage pension funds to invest in unlisted assets after getting a mixed response from the investment industry and an emphatic thumbs-down from consumer groups.’
UKSA led an UKSA/ShareSoc response to the original consultation entitled ‘Enabling investment in productive finance’. There were 54 responses, of which only one came from a defined ‘consumer group’ – presumably UKSA. UKSA was dismissive of the proposal, stating: ‘This whole idea sounds to us like something that has been put forward by members of the fund management industry and advisors to pension fund trustees to allow them to improve their own profitability.’
The DWP has launched a new consultation. This includes the government’s response to the earlier consultation on which Patrick Hosking’s comment is based.
