The future of pensions

Labour have promised a review into our pension system and unlock pension capital for “productive” investment. There is no mystery regarding how to make pensions fairer and more stable; what is needed are resources and political will. As for investment, it is disconcerting to see a Labour official quoted as wanting to get “Blackrock to rebuild Britain”. The asset management industry’s practices are more often extractive than productive. The new Labour government must confront these issues if it wants to deliver its promise of a more secure future.