Don’t strong-arm pension funds into UK assets, Abrdn boss warns

British pension funds must not be “strong-armed” by the government into buying UK assets, the boss of Abrdn has warned.

Jason Windsor said proposals to force retirement funds to allocate minimum levels of investment into the UK would be a bad idea. It would be better, he believes, to bring in reforms making the UK more attractive for the world’s savings.

“I’m not in favour of strong-arming investors into anywhere,” he said.

An influential group of City brokers, lawyers and other sell-side professionals is pushing for so-called “mandation”, a new requirement for pension funds to allocate to the UK, and the Treasury has not ruled it out.

Windsor said that there was much more potential investment to be had from outside the UK than from

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