Havant MP calls for Labour Chancellor to unlock pensions capital to drive growth

He said pension providers played a key role in helping Britain's tech start-ups turn into world-leading scale-ups.

But Mr Mak said around £3 trillion 'sat idle' in pension funds when it could be used to support our tech sector.

He asked Pensions Minister Torsten Bell: "Will the Minister commit to accelerating the Mansion House Reforms successfully introduced by the last Conservative Government?"

The Mansion House Reforms are a broad package of policies and industry-led initiatives launched in July 2023 by the then Conservative government under Chancellor Jeremy Hunt.

They aimed to boost the UK economy and pension pots by channelling more investment into high-growth UK businesses and infrastructure.