UK Pension Giants Commit ยฃ50 Billion to Private Investments in Growth Push
British pension funds pledged on Tuesday to invest up to 50 billion pounds ($66 billion) of additional capital into UK businesses and infrastructure as the government seeks to leverage private capital for public projects and economic growth. Seventeen investment firms, including Aviva, Legal & General, and M&G, committed to allocating up to 10% of their pension portfolios to infrastructure, property, and private equity by 2030. Half of this investment will be specifically directed toward UK assets. Millions of workplace pension scheme members will see their savings increasingly directed toward higher-risk, potentially higher-return assets such as early-stage businesses and green energy projects, alongside traditional investments in stocks and bonds. These pension fund managers will now compete directly with private equity and specialist investment firms in a market that investment data firm Preqin projects will exceed $30 trillion by 2030. Chancellor of […]
