“It is also sensible to keep these reforms away from the retail investment world, where illiquid investments are more likely to be problematic.”
Hunt said the government will also launch a call for evidence this week on the role of the pensions protection fund and the part defined benefit pension schemes play in productive investment.
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In addition, the government will look at the culture of investment decisions and improve the understanding of pension trustees’ fiduciary duty across DC and DB pension schemes, through a call for evidence launched jointly between the Treasury and the Department for Work and Pensions.
sally.hickey@ft.com
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