Hunt’s ‘Mansion House reforms’ to channel pension savings into unlisted firms

City executives gathered in London’s Square Mile on Monday evening to hear chancellor Jeremy Hunt announce his latest reforms aimed at tapping the UK’s financial services sector to reinvigorate the economy. Hunt will use his “Mansion House reforms” to attempt to boost the UK economy by channelling pensions savings towards potentially higher growth, illiquid assets and pushing smaller funds to consolidate in the hope this will make them more efficient. The chancellor is also pressing ahead with changes, most of which were already in train before Monday, in an effort to make the UK a more attractive place for companies to list.