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Richard Buxton: Overhaul UK pensions to fix equities market

The veteran fund manager also lamented the 'swathes of long-term savings' that have abandoned listed companies in favour of private equity funds

'We have eviscerated our long-term equity savings pool in favour of trillions held in bonds'
'We have eviscerated our long-term equity savings pool in favour of trillions held in bonds'

Renowned City stock-picker Richard Buxton has called for a shake-up of the £2.5tn pensions industry to “breathe new life” into the UK’s stock market and put it on a level playing field with other major financial centres.

Buxton retired from Jupiter Asset Management at the end of August, bringing the curtain down on an almost 40-year career that saw him become one of the UK’s most prominent investors.

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