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Pension funds pledged a private investment splurge. Three years on, has anything changed?
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NEWSDECK ANALYSIS
The pledge to increase investment in unlisted companies was seen as a significant move to support the UK's economy and provide pension funds with potentially higher returns. The agreement was made in response to concerns that pension funds were not investing enough in domestic businesses, instead focusing on publicly listed companies and overseas investments. This shift in investment strategy was intended to have a positive impact on the UK's private sector and help drive economic growth.
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City AM
Pension funds pledged a private investment splurge. Three years on, has anything changed?
When 11 of the UK’s largest pension providers signed a deal to pump billions into unlisted companies in July 2023, the mood at Mansion House in the City was celebratory. Then Chancellor Jeremy Hunt hailed the signing a “great personal triumph” for then Lord Mayor, Sir Nicholas Lyons. If the remainder of the UK defined [...]
15 Jul, 10:20
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