Prime Minister to host summit calling for domestic investment

In a recent letter published, the government stated that global investors, like pension funds in other nations, currently benefit from long-term investments here in the UK, while institutional investors based in this country are underrepresented.

The government explained that 80 per cent of the UK’s defined contribution plan-type assets are predominantly in public securities, representing only 20 per cent of UK assets. It called for investors to invest in UK infrastructure and longer-term domestic assets, rather than just the stock market.

The recent petition is part of the government’s strategy dubbed “Build Back Better” to assist economic recovery after the negative impact suffered by the COVID-19 outbreak.

The joint statement from Prime Minister Boris Johnson and Chancellor Sunak commented:

“To seize this moment, we need an investment big bang, to unlock the hundreds of billions of pounds sitting in U.K. institutional investors and use it to drive the U.K.’s recovery. We strongly believe this is a question that all institutional investors should be considering.”

The Prime Minister has announced he will host a summit for investment later in the autumn to drive forward his case.

Enterprises and individuals seeking investment advice in Chester before changing tack with their assets can look to experienced wealth managers for an unbiased opinion. Unlike financial advisors, wealth managers take a holistic approach to investment that encompasses both long and short-term financial goals, along with all aspects of a client’s economic situation, to effectively balance risk and return.

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