{"id":70026,"date":"2023-05-26T08:33:05","date_gmt":"2023-05-26T07:33:05","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=70026"},"modified":"2023-05-26T08:33:05","modified_gmt":"2023-05-26T07:33:05","slug":"pension-reform-should-be-all-about-improving-the-flow-of-funds-to-the-government-not-companies","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2023\/05\/26\/pension-reform-should-be-all-about-improving-the-flow-of-funds-to-the-government-not-companies\/","title":{"rendered":"Pension reform should be all about improving the flow of funds to the government, not companies"},"content":{"rendered":"

This FT headline<\/a> is the best response I have seen to Rachel Reeves' demand that UK pensions be reformed to support British companies:<\/p>\n

\"\"<\/p>\n

For once I find myself in agreement with Chris Giles, and hardly need to add anything else.<\/p>\n

However, I also noted this headline:<\/p>\n

\"\"<\/p>\n

The story here<\/a> is:<\/p>\n

UK retail investors have been piling into gilts and other fixed-income products in search of higher returns and lower risk despite a sharp sell-off, according to investment platform AJ Bell.<\/p><\/blockquote>\n

The suggestion is that the demand is at the highest level in at least sixteen years.<\/p>\n

That is hardly surprising when rates are heading for their highest real level since 2009<\/a>.<\/p>\n

There is, however, another possible dimension to this. UK investors know UK companies neither want nor need their money so they would rather invest it with the government instead. There their savings might be put to positive use.<\/p>\n

This is, of course, what I suggest UK pension and ISA\u00a0market reform<\/a> should be all about. But when will politicians listen?<\/p>\n","protected":false},"excerpt":{"rendered":"

This FT headline is the best response I have seen to Rachel Reeves’ demand that UK pensions be reformed to support British companies: For once
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,29,106],"tags":[],"class_list":["post-70026","post","type-post","status-publish","format-standard","hentry","category-economics","category-pensions","category-politics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/70026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=70026"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/70026\/revisions"}],"predecessor-version":[{"id":70029,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/70026\/revisions\/70029"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=70026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=70026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=70026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}