With the Chancellor expected to unveil plans to reform the UK pension sector in her Mansion House speech tomorrow, new data from Opinium reveals views from financial advisers on potential outcomes of the pension review.
The research, conducted among 200 UK IFAs, shows:
- 62% of IFAs would support investing public service worker pension contributions in productive assets (15% would oppose, and 23% don’t know)
- 50% of IFAs would support greater pension investments into UK assets (33% would oppose and 18% don’t know)
- 50% of IFAs would support moving Local Government Pension Scheme assets into a single pool (17% would oppose and 33% don’t know)
Alexa Nightingale, Global Head of Financial Services research at Opinium, commented: “Independent Financial Advisers are broadly supportive of reforms to the UK pension system, recognising the need for changes that address the long-term sustainability and adaptability to evolving economic conditions. The outcomes of these policy directions will impact the advice they provide and the strategies they recommend to clients, so they will be tuning in when Rachel Reeves takes to the lectern tomorrow.”
