Experts say pension pots could get £16k boost as Rachel Reeves sent clear message
manchestereveningnews.co.ukChancellor Rachel Reeves has been encouraged to use her new post to boost pension investments, with the potential to increase pots by £16,000 or more.
Chris Ball, managing partner at Hoxton Capital Management, said that Labour's intentions to enhance pension investments could result in some big returns for retired Britons.
Speaking to Express.co.uk, he said: "It sounds very much like there will be significant pension changes to accelerate investment in all things property and homegrown British business.
Combining reduced business rates for specifically vetted homegrown companies that allow pension investments into them could be one way of helping those companies achieve higher returns that could be passed onto the pension holders by way of tax efficient dividends." "Even if those adjustments lead to a one percent increase in the returns of pension funds each year, the difference could be staggering.
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