CITY AM – ‘Turning point’ for square mile

Can Jeremy Hunt’s Mansion House reforms cure London markets’ malaise?

CITY AM SAYS Jeremy Hunt’s package of City reform has been hailed by top figures across the Square Mile today – even as one top money manager cast doubt on whether it would prove the right elixir for London’s market woes.

The Chancellor last night announced that some of the country’s top pension providers, including Aviva, Aegon, Phoenix and Scottish Widows, have committed to channelling at least five per cent of defined contribution (DC) pension cash into unlisted British companies by 2030. 

Alongside the pension reform package, the Chancellor announced measures to streamline listing bureaucracy for companies and scrap EU-era rules on investment research, which have been blamed for the shallow pool of research into UK plc. 

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