With pension schemes expected to manage about £800m by 2030, the review will look at how they can be encouraged to invest in productive assets such as infrastructure.
As well as supporting the government's aim of boosting economic growth, the Treasury said this would also ensure better returns for savers, increasing the average pension pot by more than £11,000.
The announcement follows the inclusion of the Pension Schemes Bill in Wednesday's King's Speech, to help savers by introducing automatic consolidation of small pension pots and a value-for-money framework to improve governance.
Rachel Reeves said: "Despite a very challenging inheritance, this new government is getting on with the job of delivering our mandate to get the economy growing so we can make every part of our country better off.
This story is from the July 21, 2024 edition of The Independent.
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This story is from the July 21, 2024 edition of The Independent.
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