Asset Management

Schroders CEO: UK’s risk aversion has ‘undermined’ investor returns

Harrison added the UK needs to become a 'friendlier place to do business'

Thursday 2 March 2023 at 12:10

Peter Harrison singled out Solvency II reforms as an area of priority
Peter Harrison singled out Solvency II reforms as an area of priority

The UK's aversion to risk-taking has “undermined” returns for investors, according to Schroders chief executive Peter Harrison.

“How do we create a system that is more willing to accept risk? Everything is about risk reduction. That has been the thing that has undermined growth, and importantly it has undermined returns [for investors],” he told Financial News.