Posted: 27 Mar 2023 Resource Type: Research Report Download Back Unlocking domestic institutional investment is key to helping the most creative and innovative businesses in the UK to thrive. Defined contribution (DC) pension fund capital is an untapped source of investment for growing firms. If funds could invest into innovative firms at growth stage, via private equity and venture capital, both pension holders and firms could benefit. Powerful Pensions: Unlocking DC Capital for UK Tech Growth explores how challenges surrounding domestic institutional investment to UK FPS Tech can be addressed. This report makes recommendations that will help support high-growth industries to start, stay and scale in the UK. A key recommendation is a Future Growth Fund (FGF). The FGF would be led by the private sector and funded by private DC pension schemes. This approach would enable VC and PE investment into FPS Tech, as well as life sciences, biotech and green technology. And it will give DC pension savers the chance to invest in growth companies. The City of London Corporation has welcomed the Chancellor’s Spring Budget announcement on unlocking DC fund investment. We have been working with the sector on the potential £50bn FGF. And we look forward to working with the Government on these plans as they develop. Download the brochure for more on the UK’s investable FPS tech sector UK financial and professional services tech: innovation and investor opportunity UK financial and professional services tech: innovation and investor opportunity Stay in touch Sign up to our mailing list to make sure you're the first to hear about news, reports, and events relating to financial and professional services from the City of London Corporation. Sign up now Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Research Report Exporting financial services to the world Dec 2024 - The UK is the world’s first choice supplier of financial and professional services, helping businesses around the world prosper. Find out more about the UK's innovative financial services sector, and its role as a global leader in attracting investment. Exporting financial services to the world Thought Piece COP29’s financial focus shows private capital remains key to reaching net zero Dec 2024 - COP29 made it clearer than ever: the private sector must play a crucial role if we are to meet the Paris Agreement’s goals. Chris Hayward, Policy Chairman, explains why the time for bold, decisive action is now—or risk falling behind. COP29’s financial focus shows private capital remains key to reaching net zero Research Report Expanding into the UK | a guide for international financial services firms Nov 2024 - This guide is intended to help non-UK firms understand the UK financial services regime and gives practical guidance about how they can do business in the UK. Expanding into the UK | a guide for international financial services firms Research Report State of the sector 2024 Nov 2024 - The financial services sector is a major driver of the UK's economy. Securing its competitiveness is critical for future prosperity across the economy. State of the sector 2024