I am not quite sure I came into possession of the letter sent by more than 250 business leaders urging the Chancellor to make it easier for them to be capitalised by pensions.

But here it is , complete with a list of the signatories who you can match against your connections or whatever you’re using to make yourself having a decent address list.

You can download it from this list.

Here’s the letter.

You may think that this is a list of the great and the good but it isn’t, it claims to represent businesses  large and small, public and private employing millions of people,
contributing to the Exchequer, and driving the innovation at the heart of Britain’s Industrial Strategy.

In short, it is a list of people stuck into making Britain grow. So I think we should take some care of what is being said by them

There has been a lot of strutting in pension policy circles about leaving trustees up to it , but the people on the list were not at Manchester’s Pension UK nor do they feature in the seminars of appear on the pension podcasts that proliferate.

But they are aware that things are getting worse not better, our DB scheme have little left to invest in growth but the DC schemes which are the hope are showing little signs of investing in the UK , in growth, in public and private equity.

We talk a lot about intergenerational transfer with the youngsters getting the worst of the deal. Why is it? This analysis who drive growth suggests that the failure of capital to come their way has the consequence of stymieing growth and making things worse for the children and grandchildren in control of the capital.

Under this analysis , my generation , the generation of most of my readers, is like the medieval fortress that pulls up the drawbridge , allowing no trade with its neighbourhood and finally finding it has no place in their future. If ever there was something to revive interest in pensions among employers, it is that pensions put money back. That starts with investment by trustees in the sponsor for DB schemes in surplus (as discussed in this week’s pension coffee morning).

We have some amazing companies , we are leaders in Quantum Computing and Finance, we have capacity to create power onshore and offshore, we have research in universities which is the envy of Europe over.

The 250 recognise what the pension industry says it will do

If this is not mandation – what is it?

Rather than standing back , the 250 are stepping up to the Exchequer and asking that rather be cowed by the likes of Pension UK, the Chancellor offers investors encouragement

There is nothing in this line of action from the Exchequer that is against the expectation of the UK publib

I cannot put my name to the list of executives of 250+ leading employers, but I can say that I hope my family , generation after generation would benefit from further intervention from Rachel Reeves and her team.

250 British bosses ask that the pension drawbridge be dropped and capital released. We cannot allow for the drawbridge to be pulled up to the isolation of our generation and the loss to generations that follow