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

Later life wealth is about enjoying everyday moments
New research from leading insurer, Aviva, suggests that when UK homeowners aged 55+ think about “financial freedom” in later life, they think about en
PIC complete £4.3bn Rolls-Royce buyout
Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension schemes, has completed the buyout of all 36,000 members of
Mansion House speech marks a legacy moment
Chancellor Rachel Reeves delivered her third Mansion House speech last night (14 July).Andy Burnham is set to become the next prime minister as early

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.