Commenting on the Chancellor's British Business Bank pensions investment plan, Alison Leslie, Head of DC Investment, Hymans Robertson, said:

“Whilst we welcome initiatives which expand the investment universe and support savers, it will take some time for the initiative to be commercially viable for many pension arrangements. Over time however we think this is a welcome addition to the universe of investments available for DC savers focusing specifically on the UK. If the investment case stacks up, like any investment, it would in time be considered as part of the investment universe but the rationale and returns have to bear fruit.”