Lord Mayor of London welcomes Chancellor's City reforms to boost pensions

The video discusses the UK's Financial and Professional Services (FPS) sector, highlighting its significant contribution to the economy and job market. It addresses regulatory reforms aimed at enhancing competitiveness and the challenges posed by risk aversion, which affects innovation and capital access. The video emphasizes the importance of supporting high-growth sectors like fintech and biotech through pension fund investments, aiming to unlock substantial capital for sustainable infrastructure and improve retirement incomes.

What percentage of the UK's economic output is produced by the FPS sector?

• 8%

• 10%

• 12%

• 15%

What has the UK's risk aversion post-global financial crisis developed into?

• A full-blown allergy to risk

• A cautious approach

• An aggressive risk-taking culture

• A balanced risk strategy

What is the main reason UK firms seek funding from non-UK sources?

• Strict regulations

• Lack of deep pools of capital

• High interest rates

• Lack of innovation

What is the purpose of the Mansion House Compact?

• To limit foreign investments

• To increase interest rates

• To allocate more assets to unlisted equities

• To reduce taxes on pension funds

By what year do the DC pension schemes aim to allocate at least 5% of default funds to unlisted equities?

• 2025

• 2028

• 2030

• 2035