Burnham urged to stem flow of UK pension capital into US tech stocks

Think tank calls concentration of UK pension investment in US tech stocks a ‘systemic risk’

Alex Levy
clock • 3 min read
Picture by Lauren Hurley / No 10 Downing Street
Image:

Picture by Lauren Hurley / No 10 Downing Street

Prime minister Andy Burnham should stem the flow of UK pension investment into US tech stocks to boost domestic growth and outcomes for retirees, think tank New Capital Consensus (NCC) has urged.

In a report released today (30 July) – Diversifying Investment Flows – NCC argued that defined contribution (DC) funds are overinvested in globally-diversified benchmarks, and trustees who diverge ...

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