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 Twitter Twitter Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Case Study Carbon Clean │ delivering industrial decarbonisation Sep 2023 - We spoke to Iain Tobin, Chief Corporate Officer at Carbon Clean, about the growing role carbon capture will play in combatting climate change. Carbon Clean │ delivering industrial decarbonisation Case Study Managed Funds Association ⏐ supporting alternative asset managers around the globe Sep 2023 - We spoke to Jillien Flores, Head of Global Government Affairs at the Managed Funds Association about growing demand for alternative investments and the UK's role there. Managed Funds Association ⏐ supporting alternative asset managers around the globe Research Report A global centre for nature finance Sep 2023 - This report showcases the transformative potential of scaling up investments in nature. By leveraging financial resources, expertise, and innovation, we can harness the power of nature to tackle climate change, preserve biodiversity, and build more sustainable communities. A global centre for nature finance Research Report Vision for Economic Growth - a roadmap to prosperity Sep 2023 - Vision for Economic Growth is about the solutions and actions that will strengthen UK-based FPS as a driver of jobs and prosperity, and reinforce our international competitiveness. Vision for Economic Growth - a roadmap to prosperity