The UK’s pension lifeboat fund is pushing to become a consolidator of corporate retirement plans in a move that it believes could unleash “substantial” new investment for the economy.
In a submission to the government published on Tuesday, the Pension Protection Fund said that if ministers wanted to unleash money held by pension funds into the economy there would need to be a “step change” in the market. The PPF is a statutory fund set up in 2005 and is worth about £33bn.
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