Revisions to the "big beautiful bill" are a relief to a sector already grappling with funding challenges, competition from China and tariff uncertainty.
The government wants pension providers to invest 10% of their workplace portfolios in private markets by 2030, with at least 5% ring-fenced for U.K. assets.
"We have actually sized up not only our portfolio appetite, but also the resources we bring in in order to advise our clients," Christian Sewing told CNBC.