By Martin Croucher (December 2, 2021, 2:40 p.m. GMT) – Britain could free up to Â£ 500 billion ($ 665 billion) to invest elsewhere in the economy if the savings watchdog- pension was enacting a reform of funding rules to lower the incentive on pension plans to invest in government bonds, a consultancy firm said.
PricewaterhouseCoopers said on Wednesday that The Pensions Regulator should ease the rules for funding pension plans so that administrators and sponsors are less likely to “over-invest” in gilts, which are government bonds denominated in pounds sterling.
The oversight body is due to publish an updated funding code for defined benefit pension plans in the coming months. The code will change the path …
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