The government is committed to allowing pension funds freedom of choice when it comes to where they invest their assets.
Joanne Gibson, head of pensions investment review at HM Treasury, said it did not want to undermine the autonomy pension funds currently enjoy but it would be pushing schemes to invest more in productive finance.
Gibson was addressing delegates at the Pensions and Lifetime Savings Association’s annual investment conference in Edinburgh this week.
She said chancellor Rachel Reeves’ plans to get pension schemes investing more in the UK economy had been met with widespread support during its investment review consultation.
Gibson said: “What we’re trying to do is put pension providers in the best place that they can to take advantage across the asset classes, and that includes productive finance.”