Labour sets out plans to review pensions, saying it will start by focussing on “where pension funds are invested”. Exchequer Secretary to the Treasury James Murray promises to provide a “better return for pensioners”.
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00:00So what we're setting out today is our intention to have a review of the pension landscape which
00:05will begin by a focus on where pension funds are invested. You know we know there's some 800 billion
00:10pounds worth of assets in defined contribution pensions in the next few years. We want to see
00:16more of that invested in productive assets in the economy. Now that gives a better return for
00:21pensioners helping out pension savers when they retire and it also helps grow the economy and
00:25that's the kind of change we want to make to get the economy growing.