BIA submission to the Pensions Investment Review

The BIA has responded to the HM Treasury, Department for Work and Pensions, and Ministry of Housing, Communities and Local Government's consultation on the Pension Investment Review. For further details about the consultation, please visit the consultation page on gov.uk.

The BIA welcomes this review and has been an active contributor to the productive finance agenda and contributed to the pensions reforms debate from a growth sector perspective. While we believe there is appetite among progressive pension funds to invest into UK life sciences, there will be a longer tail of potentially interested but much less motivated pensions. Our submission therefore urges the government to champion this agenda, and use its convening power to drive forward commitment through a combination of a specialised vehicle, and carrot and stick policies.