Pensions infrastructure fund builds up past the £1bn mark
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The pension industry has raised more than £1bn for its fund to invest in Britain's infrastructure, a key plank of the Government's economic growth strategy.
National Association of Pension Funds chief executive Joanne Segars, right, said she would shortly be announcing "a couple" of new investors in its Pension Infrastructure Platform (PIP). This aims to raise £2bn to invest in projects like roads and rail, as Chancellor George Osborne looks for private money to create construction and engineering jobs.
The plan already has several big-name pension funds invested, including those of defence group BAE Systems and telecoms giant BT. However, there have been concerns there has been little news on PIP since the announcement of the founder members last year.
But Ms Segars said: "We're very, very busy putting the infrastructure platform into place. I talk to a lot of fund managers who would give their eye-teeth to have raised £1bn in just 12 months."
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments