Chancellor of the Exchequer (): On 10 July 2023, I set out in
a speech at Mansion House the government’s progress in delivering
a financial services sector that is globally competitive, while
retaining our commitment to high international standards.
Building on the Edinburgh Reforms announced in December 2022, the
Mansion House reforms will enable our financial services sector
to unlock capital for our most promising industries and increase
returns for savers, supporting growth across the wider economy.
Firstly, I announced a series of measures to boost outcomes for
savers and increase funding liquidity for high-growth companies
through reforms to the UK’s pension market.
Secondly, I set out ways the government is incentivising
companies to start and grow in the UK by strengthening our
position as a listing destination.
And finally, I set out the government’s action to seize the
opportunities of the future by reforming and simplifying our
financial services rulebook to ensure we have the most
growth-friendly regulation of any financial services centre.
These plans have the potential to increase retirement income by
over a £1,000 a year over the course of a career and unlock up to
£75 billion of additional investment from defined contribution
and local government pensions.
The full list of the measures launched at Mansion House, along
with supporting technical documents, can be found on GOV.UK
https://www.gov.uk/government/collections/mansion-house-2023
