Jeremy Hunt, the British Chancellor, is setting out a series of city reforms with the intention of channelling tens of billions of pounds worth of Britain’s pensions savings into companies presenting high growth. Hunt claims the measures, which are dubbed the “Mansion House Reforms”, will allow Britain to seize the advantages of its departure from the European Union and increase the attractiveness of UK capital markets.
The chancellor references the voluntary agreement by some of the UK’s biggest pension firms to commit 5% of their current investments to early-stage enterprises and private equity to potentially unlock as much as £50 billion pounds by the year 2030.
UK lobbyists the Confederate of British Industry (CBI) commented:
“Amidst fierce global competition, the chancellor is absolutely right to intensify his focus on investment by making the UK a more attractive destination to start, grow and publicly list companies.”
From pensions to portfolio management, Britons making financial plans to benefit themselves in the present and the future look to specialists in wealth management in Shropshire, Worcestershire, and other counties. Unlike other professionals in the industry, wealth managers take a holistic approach to providing financial advice, allowing them to provide guidance on a diverse range of products and services which are financially connected.
Recently, firms have been staying private for longer than usual and are increasingly considering overseas options when they decide to list their company shares. Hunt’s new reforms are designed to foster a more prosperous funding environment for fledgling firms starting up and slowing the slump in the number of companies currently listing their shares on the UK’s London Stock Exchange.
