CONSOLIDATING LOCAL GOVERNMENT PENSION FUNDS COULD RAISE £6BN FOR INFRASTRUCTURE

摘要

The Association for Consultancy and Engineering has published a new report suggesting that £6bn could be released for investment in infrastructure by consolidating the Local Government Pension Scheme. This would support the government's long term ambi tion of funding more than £2obn of investment from pension funds. The report looks at the pensions sector in the UK, which is made up of a large number of relatively small public sector funds, while the UK's private sector funds, though larger, are also relatively small by international standards. This makes investment in infrastructure difficult as each fund can allocate only so much of its funding to any one type of investment.