Greater focus on pension investments can not only improve saver outcomes – London Business News | Londonlovesbusiness.com

The Pensions Regulator’s Chief Executive this morning (Wednesday) called for positive changes in investment strategies and for industry to provide greater transparency on performance and costs.

In a speech to the British Private Equity and Venture Capital Association, Nausicaa Delfas said the government’s pensions review and forthcoming Pensions Bill are a unique opportunity to ensure pensions work for everyone by improving saver outcomes and delivering economic growth.

She urged industry not to waste the opportunity to have their say and to come together to build consensus on the steps we need to take to really deliver value for savers from joining the workforce through to retirement.

Nausicaa said: “We believe sound investment in diverse assets can not only improve outcomes for savers but could also generate growth for the UK economy. The two don’t have to be in conflict.”

She added that TPR will not be telling schemes how to invest, but would step up its focus on investment governance, and bring greater transparency on the value schemes offer savers through the forthcoming value for money framework.

“But for there to be meaningful, positive changes in investment strategies, there must be greater transparency in industry around performance and costs.”