Finance Innovation Lab

@thefinancelab.bsky.social

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The Finance Innovation Lab builds power to transform the financial system for people and planet.

'The UK's financial sector is playing a central role in supporting illicit financial flows - harming our economy, taking money from public services and supporting crime.' Jesse Griffiths, Lab CEO
An image of solar panels and wind farms with the text "Demand Fairer Greener Pensions For Everyone" on top
Photograph of a four person panel sitting in front of a slide reading How can the National Wealth Fund work with pension schemes to deliver sustainable growth?
Quote in white on grey background saying: “This is basically oversold: the money that is being 'unlocked' is already being invested by pension funds - all that happens now is companies have greater flexibility to use it for other purposes, which don't necessarily include investment. Far greater ambition is needed to tackle the real pensions crisis:  the majority of the population are saving so little they are looking forward to miserable retirements. This is why the government is right to promise the biggest reform of pensions for nearly 20 years, and why we need that reform to be ambitious. Pension savers are also facing an uncertain future because of the climate and nature crises, but the government is yet to say how its reforms will support greater investment in the green industries of the future. ” With text below in green: Jesse Griffiths, Chief Executive Officer, Finance Innovation Lab
White text on a grey background: It's extremely worrying that the Chancellor appears to be stepping back from Labour's promise to fix the UK's broken pensions system. As things stand, millions of us are going to be facing poverty in retirement. The Pensions Review is a once-in-a-generation opportunity to stop the UK from sleepwalking into this crisis. There will never be an easy time to overhaul the system, but kicking the can down the road now is simply irresponsible.