Pension funds to George Osborne’s rescue?

29th November 2011

The chancellor has the pension industry on side at least as this report from Citywire illustrates. Both the National Association of Pension Funds and the Pension Protection Fund – which manages the pension investments of company schemes where the company has gone bust – have signed a memorandum of understanding with the Government.

Joanne Segars, chief executive of the NAPF, says the current rules make it difficult for pensions funds to access infrastructure investment and sounds very enthusiastic about the proposals.

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