Guy Opperman is Minister for Pensions and Financial Inclusion
Department for Work and Pensions consults on plans to drive long-term pensions sector investment into ‘important sectors of the economy’ such as green technology
The Department for Work and Pensions (DWP) has launched a consultation to improve saver outcomes and promote investment in green technology and infrastructure in the UK pensions industry.
The consultation, published today, puts forward measures to encourage pension schemes to invest in a more diverse range of long-term assets – including illiquid products such as venture capital and green infrastructure. Views are also being sought on additional steps to encourage the consolidation of smaller pension schemes into larger schemes.
The DWP said the proposals would require trustees of smaller schemes to assess key elements of the value achieved by their scheme and to report on the outcome of that assessment. Where this assessment shows that