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Pension funds to pour £50bn of savers' cash into Britain [Yahoo! Finance]

AEGON N.V. (AEG) 
US:NYSE Investor Relations: aegon.com/investors
Company Research Source: Yahoo! Finance
The Chancellor will announce a new version of a voluntary code signed by the biggest retirement providers that will see them commit to ploughing 10pc of savers' cash into unlisted assets by 2030, with half of that devoted to the UK. It is understood that a first draft of the new Mansion House Compact was circulated last week following several rounds of sometimes tense negotiations between Treasury ministers, the industry and the City of London Corporation, which is coordinating the talks. Ms Reeves is expected to announce the revamped compact this summer, with the explicit commitment to invest more in UK assets coming against a backdrop of growing economic nationalism. Donald Trump has vowed to “make America wealthy again” through his tariff onslaught , while some in the UK are calling for a “buy British” campaign to offset the impact of higher tariffs. The Chancellor is looking for ways to spur UK investment. She admitted last month that cash Isas will be reformed to encoura Show less Read more
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