LNB News 15/10/2024
Document Information
Issue Date: 15 October 2024
Published Date: 15 October 2024
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
The Pensions and Lifetime Savings Association (PLSA) has outlined ten key recommendations aimed at increasing pension investments in UK assets, in response to the government's Pension Investment Review. The recommendations include investment incentives such as making greater use of blended finance, expanding the Long-Term Investment for Technology and Science initiative, and co-investment vehicles with British Patient Capital. Recommendations also include fiscal incentives such as reducing the effective tax rate for pensions in holding UK shares by allowing a tax credit on dividend payments, a discount on Pension Levies for pension investments in certain sectors, and incentives for net zero investment. The initiatives address concerns regarding the UK pension sector's under-investment in British companies.
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