PLSA welcomes Government’s Investment Innovation and Future Consolidation consultation | Pensions and Lifetime Savings Association

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PLSA welcomes Government’s Investment Innovation and Future Consolidation consultation

05 Feb 2019

The Pensions and Lifetime Savings Association (PLSA) has today (Tuesday) welcomed plans by the Government to consult on plans to shape the way pensions schemes undertake investment innovation and future consolidation.

Caroline Escott, Policy Lead, Investment and Stewardship at the PLSA, said:

“Automatic enrolment means more people than ever are saving into a pension through a Defined Contribution (DC) scheme. Many of these savers will have particularly long investment time horizons, meaning that DC pension funds are ideally placed to invest in illiquid investments such as infrastructure. We're therefore pleased that the Government is committed to making it easier for those schemes which want to do so, to invest in these types of assets.

“There is also a growing body of evidence to show that larger schemes can benefit from economies of scale and are better able to access a wider range of investment approaches. We welcome the opportunity to feed further into the Government's thinking on consolidation. However, it's important to ensure schemes and trustees retain the freedom to invest as they wish in the interests of their members, so any new rules must respect that freedom and not be overly prescriptive.”

PRESS CONTACTS

Lawrence Vousden, Head of Government Affairs and Media
 020 7601 1741 | 07812 525466 | lawrence.vousden@plsa.co.uk

Steven Kennedy, PR Manager
 020 7601 1737 | 07713 073024 | steven.kennedy@plsa.co.uk

Sabrina Francis, PR & Social Media Officer
 020 7601 1748 | sabrina.francis@plsa.co.uk