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A 1 p.c shift of belongings into productive investments may imply £8 billion to spice up the economic system, the federal government claimed in its assertion.
It added that pension pots for savers could possibly be boosted by greater than £ 11,000, as productive belongings would yield increased returns.
The federal government additionally plans to assessment the funding potential of a pension scheme of native governments price £360 billion whereas additionally scrutinizing £2 billion in charges.
As a primary step, Chancellor Rachel Reeves and Pensions Minister Emma Reynolds will meet with representatives from the pensions trade on Monday.
The following section of the assessment will comply with later this yr.
Reeves described the assessment as “the newest in an enormous bang of reforms to unlock development, increase funding and ship financial savings for pensioners.”
“There may be a lot untapped potential in our pensions markets, with an trade price round £2 trillion,” Reynolds added.
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