Pensions industry welcomes Mansion House reforms

The UK pensions industry has expressed strong support for the Government’s Mansion House reforms, welcoming their potential to foster economic growth, drive consolidation, and improve outcomes for savers.

Led by the Pensions and Lifetime Savings Association (PLSA) and co-signed by industry leaders, who between them manage over £400bn assets under management have sent an open letter to the Chancellor of the Exchequer, Rachel Reeves. It highlights the sector’s readiness to collaborate with the Government and shape the future of pensions in the UK.

Signatories include: Pensions and Lifetime Savings Association, Border to Coast Pensions Partnership, Brunel Pension Partnership, Cushon, Legal & General Investment Management (LGIM), NEST, People’s Partnership, Railpen, Smart Pension, Surrey Pension Fund, Willis Towers Watson UK Limited, Universities Superannuation Scheme, West Midlands Pension Fund and West Yorkshire Pension Fund and LGPS Central.

Read the press release