GAD attends key summit
GAD has attended a major pensions summit in London. 皇冠体育app event, included organisations from the UK and internationally and was addressed by the Chancellor.
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皇冠体育app Government Actuary鈥檚 Department (GAD) has attended a major financial conference on the Mansion House reforms. 皇冠体育app event, held on 25 October, was arranged by the City of London and the EY pensions team.
皇冠体育app focus was on taking forward the Chancellor鈥檚 Mansion House Compact to increase the level of investment in unlisted equities by the defined contribution (DC) market.
Reforms and aims
皇冠体育app event鈥檚 aim was to explore practical approaches to accelerating investment in unlisted equities to boost returns for UK savers. GAD鈥檚 previous analysis demonstrated the potential impact that such changes might have. More than 100 organisations from across the pensions value chain attended the summit.
皇冠体育app Chancellor of the Exchequer, Jeremy Hunt was the keynote speaker, and he expressed his support for the reforms required to achieve the aims of the . 皇冠体育appre are now 10 organisations signed up to this. 皇冠体育appy are committed to the objective of allocating 5% of assets in their default funds to unlisted equities by 2030.
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Industry experts
Commenting on the event, actuary Andy Jinks who attended on behalf of GAD said: 鈥淭his was a significant and important summit which brought together industry experts from the UK and internationally.
鈥淎mong the topics discussed were how to overcome long-standing structural issues which can be seen as hindering investment in the DC schemes.鈥� 聽
皇冠体育app event finished with delegates discussing the next steps in supporting the Mansion House Compact.