Pension Funds to Publicly Disclose How Much Is Invested in UK Versus Overseas

Published on March 2, 2024

Pension funds will be required to publicly compare their performance data against competitors and disclose their levels of investment in British businesses under government plans. The government said the reforms will help employers and savers to compare schemes and make informed choices. The rollout of automatic enrolment has driven a huge growth in the amount of investment entering UK pension funds, from less than £90 billion in 2012 to around £116 billion in 2022, the government said. But it added that disclosure requirements for defined contribution (DC) pension funds are currently inconsistent across the market and do not require a breakdown of UK investments, sometimes making it difficult for policymakers and savers to understand where this money is invested....

Continue reading on website
Other news

Sunak Warns of ‘Poison’ of Extremism in Downing Street Speech

March 2, 2024
Rishi Sunak warned of “a poison” of extremism amid tensions over the ongoing Israel-Hamas war.In a rare speech at Downing Street, the prime minister vowed tougher action on extremism and called on communities to “live together” rather than “living parallel lives.”It comes after a recent parliamentary debate on the war saw escalated tactics by pro-Palestinian activists, including trying to swarm Pa

Sen. Rick Scott Considers Running for Senate GOP Leader

March 2, 2024
Sen. Rick Scott (R-Fla.) said he is considering running for the Senate Republican leader position, joining several other senators competing for the powerful post.“This is a big opportunity,” Mr. Scott said during the interview on “The Charlie Kirk Show” on March 1, adding, “I’m seriously considering it.”Mr. Scott told host Charlie Kirk that he vows to make significant reforms within Senate Republi