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London Stock Exchange Group PLC Chief Executive Officer David Schwimmer is leading an industry call for Chancellor Rachel Reeves to introduce new incentives in the upcoming budget to boost pension fund investment in UK equities, Sky News reported on Thursday. According to the report, Schwimmer’s letter - backed by more than 250 companies including Mitchells & Butlers PLC, Kier Group PLC, Bakkavor Group PLC, Henry Boot PLC, Peel Hunt Ltd, IntegraFin Holdings PLC, and CVS Group PLC- urges the government to encourage defined contribution pension schemes to allocate more capital to UK-listed companies. The appeal follows analysis from think tank New Financial suggesting that setting a minimum 25% allocation of pension default fund assets to UK investments could direct between £50 billion and £100 billion into the domestic market, helping to reinvigorate London’s capital markets after years of outflows. City sources told Sky News the letter is expected to be sent to the chancellor later on Thursday and published by the end of the week. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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