Councils could be free to pump as much as ￡22bn more of pension fund investments into infrastructure under measures unveiled by the government this week The move, announced by communities secretary Eric Pickles, would allow council pension funds to double the amount they invest into local building projects, which could unleash ￡22bn of investment in infrastructure. Currently, local authority pension funds can invest a maximum of 15% in limited partnerships - the form of asset vehicle used for significant property, private equity and infrastructure projects.
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