HM Treasury has announced that 20 of Britain's largest pension providers have united as part of an initiative called the Sterling 20 to encourage more investment in the UK.
The ABI has responded:
Our pension sector is a powerhouse for driving growth. Collaboration is key to unlock the industry’s potential to the full, and the Sterling 20 is a bold step towards achieving this ambition. Savers interests must always be at the heart of investment decisions, but with a co-ordinated approach we can work together to support a stronger economy today and savers’ futures tomorrow.
Hannah Gurga
ABI Director General