In the latest instalment of his insurance column for Practical Law, Grant Murtagh draws together some political and regulatory developments to focus on a potentially significant shift in the approach to investments by life insurers and pension funds in the UK. In particular, Grant focuses on the impact that these regulatory changes could have on the way that defined benefit (DB) and defined contribution (DC) pension schemes are managed.
Grant contextualizes this shift as part of the government's broader plans to stimulate investment in the UK economy, an ambition that was highlighted in Jeremy Hunt's recent Mansion House speech.
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