Rachel Reeve's Mansion House 2024 speech builds on the launch of the 'landmark' Pensions Review in August. This package of measures represents a turning point for UK pension investment, marking the most significant reforms since the Turner Review, back in 2005.

As an organisation dedicated to empowering institutional investors and businesses to value people and planet alongside profit, Pensions for Purpose welcomes this bold vision for consolidating assets to drive sustainable economic growth.

Charlotte O'Leary: "Pensions for Purpose strongly welcomes the Chancellor's ambitious pension-reform agenda outlined in the Mansion House speech. The creation of pension megafunds through consolidation represents a critical opportunity to direct capital toward sustainable infrastructure and growth businesses, while fulfilling pension funds' fiduciary duty to consider financial and non-financial factors affecting long-term returns. These significant changes could position the UK as a leader in sustainable finance while delivering better outcomes for beneficiaries. We look forward to working with the Government to ensure robust impact measurement and governance frameworks support this transformation."