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'Inappropriate' to insist pension funds invest in UK, BOE's Bailey says

By Sofia Gerace ( July 9, 2025, 15:53 GMT | Insight) -- A draft UK law that could see pension funds forced to invest in domestic assets drew a challenge from Bank of England governor Andrew Bailey today. he told a press conference that while a review of the pension fund industry is "helpful" given its low level of investment in the UK economy, he does not support asset allocation targets proposed by the government.A draft UK law that could see pension funds forced to invest in domestic assets drew a challenge from Bank of England governor Andrew Bailey today. ...

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