Overview
- The coalition asks the chancellor to require a “UK‑weighted” default so that 25% of defined contribution pension assets are invested in domestic markets.
- New Financial analysis cited by signatories indicates potential inflows of £50bn to £100bn, with some reporting about £76bn by 2030.
- Backers warn that shrinking domestic risk capital leaves smaller firms struggling to scale and more vulnerable to overseas ownership, with fewer gains accruing to UK savers.
- Government data reported in coverage show DC schemes invested about 8% in UK equities in 2024, with a projection of 3.5% by 2030.
- The letter, driven by LSEG chief David Schwimmer and signed by firms including Schroders, Mulberry, Mitchells & Butlers, Kier and Bakkavor, was expected to be sent to Rachel Reeves this week, with LSEG declining to comment.