A leading sustainable finance body has hit out at Reform UK's proposal to force local government pension schemes to invest in the UK, warning the plan could harm retirement savings and destabilise financial markets. The UK Sustainable Investment and Finance Association (UKSIF) CEO James Aelxander said Richard Tice's plans, which form part of Reform's broader "sovereign wealth fund" agenda, risk creating asset bubbles and delivering lower returns for pensioners at a time when many savers are already facing a retirement income crisis. He went on to say that the proposals "run the risk of distorting markets" and could leave workers worse off, particularly those approaching retirement age who have little time to recover from any shortfall in their pension pot. "This stands to affect workers across the economy, including those now close to leaving employment," Alexander said. The warning adds to growing scrutiny of Reform's economic platform as the party seeks to present itself as a credibl...