Chancellor Jeremy Hunt will unveil plans for pension fund reform aimed at boosting growth in his first Mansion House speech in London on Monday night.
Mr Hunt is due to outline "three golden rules" with measures to unlock capital for high-growth businesses.The "Mansion House Reforms" are designed to make the UK the most innovative and competitive financial centre in the world, the Treasury said. Mr Hunt's first rule will be that "first and foremost" funds must ensure the best possible outcomes for savers.
But the chancellor will say there can be "no sustainable growth without first eliminating the inflation that deters investment and erodes consumer confidence".
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