Recommendation 55

The regulatory environment has inhibited those who have sufficient savings and may benefit from investing. The Committee recognises the inherent benefit to consumers who can invest and benefit from higher returns and recognises these reforms could help deepen the UK’s secondary capital markets. However, we did not receive satisfactory evidence to suggest that the creation of an equity investment culture in the UK would, by itself, increase productive investment, nor facilitate growth in the wider economy. However, an increase in savings into pension funds may increase the amount of investment available for productive assets.