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Hammond Eyes 'patient Capital' For Pensions - Citywire Money

by citywire.co.uk posted 8months ago 33 views
Chancellor Philip Hammond plans to examine how pensions could invest in 'patient capital' start-ups, according to Sky News. : Chancellor Philip Hammond will announce plans to examine opening up defined contribution (DC) pensions to patient capital investments in Monday’s Autumn Budget. According to a Sky News report, Hammond will announce a feasibility study into how DC pension savers can invest in high-growth patient capital investments, which are typically start-up companies often in the technology sector. The study would look at how DC schemes could be pooled for patient capital and whether this would be mandatory or a default for savers.

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