Is this TRUE "Sunak announces [some] deregulation of UK pension funds " from Twitter. As I said is this true?

[stephen500]

From A Twitter account:
"Watch your pension is safe ! Sunak announces deregulation of UK pension funds to allow riskier investment in dodgy high tech projects with riskier returns ! Big gamble no precious chancellor has ever tried no matter how desperate !"
I have no idea if this is true.
Any thoughts?

[POSTMAN]

Didn't hear nothing about pensions, was also not mentioned in the summary on ITV, Google is your friend, not some 'possible' twat on social media.

[RobertT]

From A Twitter account:
"Watch your pension is safe ! Sunak announces deregulation of UK pension funds to allow riskier investment in dodgy high tech projects with riskier returns ! Big gamble no precious chancellor has ever tried no matter how desperate !"
I have no idea if this is true.
Any thoughts?

With so little info I haven't got a clue what you're talking about!
But it sounds more like changes to what you can invest in via a SIPP, etc?

Do you have a link?

[Woody Guthrie]

The only mention of pensions I can find is a freeze on the pensions lifetime allowance, as far as financial deregulation including pensions I think most analysts are expecting that in one form or another post-Brexit but I don't think it's part of the budget statement.

[stephen500]

From A Twitter account:
"Watch your pension is safe ! Sunak announces deregulation of UK pension funds to allow riskier investment in dodgy high tech projects with riskier returns ! Big gamble no precious chancellor has ever tried no matter how desperate !"
I have no idea if this is true.
Any thoughts?

With so little info I haven't got a clue what you're talking about!
But it sounds more like changes to what you can invest in via a SIPP, etc?

Do you have a link?

Found it https://www.ftadviser.com/pensions/2021 ... ntil-2026/
"The government has announced a consultation into investment rules for pension schemes to support the economy post-Covid."

[RobertT]

You posted the wrong link!

Here's what I think is the correct one:
https://www.ftadviser.com/pensions/2021 ... n-schemes/

[stephen500]

You posted the wrong link!

Here's what I think is the correct one:
https://www.ftadviser.com/pensions/2021 ... n-schemes/

Thanks for putting that right. Now what does it mean.

[RobertT]

You posted the wrong link!

Here's what I think is the correct one:
https://www.ftadviser.com/pensions/2021 ... n-schemes/

Thanks for putting that right. Now what does it mean.

Most pension funds invest in equities, bonds, etc.

This proposal potentially enables them to invest directly into new or existing businesses.
They put a chunk of money in upfront, in return for a slice of the profits in future.