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Up to £50 billion of investment for uk businesses and major infrastructure projects is set to be unlocked through a new agreement with 17 of britain’s biggest pension funds. The uk economy is on the cusp of a significant boost, with britain’s largest pension funds committing to a £50 billion cash injection into private markets. Rachel reeves faced resistance from pension funds on tuesday over plans that would give ministers a “backstop” power to force them to honour a new voluntary pact to invest up to £50bn in.
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Up to £50 billion of investment for uk businesses and major infrastructure projects is set to be unlocked through a new agreement with britain’s biggest pension funds, as the government. The new commitment from pension funds will see 10pc, or around £100bn of uk pension savings, ploughed into unlisted assets by the end of the decade A new agreement with britain's biggest pension funds is set to unlock up to £50bn of investment for uk businesses and major infrastructure projects, the government announced on tuesday.
Britain's biggest pension funds have pledged to boost investment in businesses and infrastructure projects in the uk
Ministers said the mansion house accord, which will today be signed by. Under the new compact, pension providers will commit to investing 10 per cent of savers' cash into unlisted assets by 2030 Half of this amount, approximately £50billion, will be specifically devoted to uk investments. The changes could be announced at her annual mansion house speech in july
