The CEO of Aviva, one of the UK’s leading insurance companies, has stated that government investment mandates represent a “red line” for the industry. This issue has come to the forefront as the sector pushes for greater discretion over private assets and investment choices. Currently, 12.5 million UK savers find themselves unable to afford retirement, a situation that Aviva’s leadership attributes in part to restrictive investment mandates.
Mansion House Accord increases flexibility
The CEO emphasizes that for long-term investors, the ability to navigate market volatility with greater freedom is essential for maximizing returns and providing for future retirees. Industry experts concur that allowing full discretion in investment decisions could alleviate some of the financial pressures faced by savers, making retirement more attainable for many.
The conversation around this topic continues as the industry and government seek to balance regulation with the necessity for flexibility in investment strategies.