Posted: 27 Mar 2023 Resource Type: Research Report Download Back Unlocking domestic institutional investment is key to helping the most creative and innovative businesses in the UK to thrive. Defined contribution (DC) pension fund capital is an untapped source of investment for growing firms. If funds could invest into innovative firms at growth stage, via private equity and venture capital, both pension holders and firms could benefit. Powerful Pensions: Unlocking DC Capital for UK Tech Growth explores how challenges surrounding domestic institutional investment to UK FPS Tech can be addressed. This report makes recommendations that will help support high-growth industries to start, stay and scale in the UK. A key recommendation is a Future Growth Fund (FGF). The FGF would be led by the private sector and funded by private DC pension schemes. This approach would enable VC and PE investment into FPS Tech, as well as life sciences, biotech and green technology. And it will give DC pension savers the chance to invest in growth companies. The City of London Corporation has welcomed the Chancellor’s Spring Budget announcement on unlocking DC fund investment. We have been working with the sector on the potential £50bn FGF. And we look forward to working with the Government on these plans as they develop. Download the brochure for more on the UK’s investable FPS tech sector UK financial and professional services tech: innovation and investor opportunity UK financial and professional services tech: innovation and investor opportunity Stay in touch Sign up to our mailing list to make sure you're the first to hear about news, reports, and events relating to financial and professional services from the City of London Corporation. Sign up now Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Research Report Unlocking AI skills in financial and professional services Jun 2025 - A bold, practical proposal to address the UK’s AI skills gap in financial services. Unlocking AI skills in financial and professional services Research Report From commitment to action | Tracking UK financial services’ progress on the pathway to net zero Jun 2025 - The third edition of From Commitment to Action, developed for the Net Zero Delivery Summit, tracking progress of financial services firms’ net zero commitments in both the UK and globally. From commitment to action | Tracking UK financial services’ progress on the pathway to net zero Thought Piece Price (some of) it now or pay more later: the case for letting carbon markets get to work Jun 2025 - Why outdated labels are a symptom of stalling progress—and how markets can fix it, a guest blog from Gordon Bennett, Managing Director, ICE Price (some of) it now or pay more later: the case for letting carbon markets get to work Research Report Scaling the global carbon markets Jun 2025 - Building on our 2022 report Enabling the Voluntary Carbon Market, this paper reflects on progress to date and refreshes our earlier recommendations. Scaling the global carbon markets