Pension Savings Investment Returns 2025-05-20
2025-05-20
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The MP is chair of the reconstituted all-party parliamentary group on pensions and growth, focusing on how counties outside mayoral authorities can benefit from pension reforms.
Can the Minister share with me, as chair of the reconstituted all-party parliamentary group on pensions and growth, any plans for how counties that are outside mayoral authorities, such as Staffordshire, could benefit from pension reforms to encourage more investment in the UK, to support infrastructure, jobs and local regeneration?
Our reforms to the local government pension scheme will support local investment in every part of England and Wales. Our defence spending plans are significant, with total defence spending in the west midlands amounting to £1.6 billion a year. Additionally, we are building reservoirs across various regions including one in the west midlands.
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Assessment & feedback
The Minister did not provide specific details about pension reforms aimed at counties outside mayoral authorities like Staffordshire and how these would encourage investment.
Response accuracy