George Osborne has struck agreements with Britain’s pension funds to help fund a £30bn infrastructure package – unlocking a big new source of finance to upgrade the country’s transport, energy and communications networks. UK pension funds, which hold roughly £800bn in assets, have committed to talks with the Treasury on investing in infrastructure, which could provide a reliable long-term source of income, providing better returns than gilts with less risk than equities.
Financial Times / Reuters
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