Investment - Articles - ABI welcomes report from Productive Finance Working Group


The Productive Finance Working Group, co-chaired by the Governor of the Bank, the Chief Executive of the FCA, and the Economic Secretary to HM Treasury and of which the Association of British Insurers (ABI) is a member, has published 'A Roadmap for increasing productive finance investment'.

 The report includes four recommendations, underpinned by 13 specific actions, with a focus on supporting DC pension schemes to invest and developing the long-term asset fund (LTAF) structure.

 Charlotte Clark, ABI Director of Regulation, says: “We welcome today’s Productive Finance Working Group report. If fully implemented, the recommendations set out in this report would further help our sector to play an even more meaningful role in supporting economic growth and would boost returns to savers in retirement. As important to this agenda are the targeted reforms of the Solvency II regime also represents a key opportunity to increase investment in productive finance assets with ABI analysis suggesting that up to £95 billion in capital could be redirected to do so. We have greatly appreciated the constructive opportunity to discuss important reforms between industry, regulators and the Government and hope this collaborative model can be replicated as we work together to enable the vital transition to net zero and support the levelling-up agenda.”

  'A Roadmap for increasing productive finance investment'.

Back to Index


Similar News to this Story

FTSE 100 gains as Middle East tensions ease
The FTSE 100 is on the front foot, helped by lower energy prices and its tech-lite, more defensive composition. Sterling has climbed to its highest le
October gilt yield fall brings funding deterioration
The ‘growth focused’ scheme funding level finished October lower, reducing from 94.0% funded to 92.5%, the biggest fall in a long timeSimilarly, the ‘
Comments as Bank of England raise rates to 4%
Marsh, Schroders, The Exeter and MetLife comment as the Bank of England raise rates to four percent. The first rate rise in over 3 years

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.