LSEG Chief Urges UK to Tie Pensions’ Tax Benefits to Allocations

The head of the London Stock Exchange Group Plc suggested that the government make tax incentives for pension funds conditional on greater investments in UK public assets to support the London market.

Pension funds get about £49 billion ($65 billion) in tax incentives, Chief Executive Officer David Schwimmer said on an earnings call with the media on Thursday, adding that to have those tax benefits “conditioned on some minimum percentage, call it 10% or so,” into UK investments “would be very reasonable.”