Member

She seemed to rest this absolute commitment on the ability of larger schemes to invest in asset classes that produce better returns. The Government must know that there is no magic formula for achieving superior returns and that all asset classes can produce both good and bad performances. The current experience in private equity and private debt is proving just that position. In trying to legislate smaller pension schemes out of existence, the Government have lost sight of the one essential truth, which is that what matters is the size of savers’ own pension pots, not the size of the investment vehicle.