17 Jun 2020
Insurers ready to invest almost £200bn pension money in UK infrastructure over the next 10 years
Legal & General Retirement Institutional (“Legal & General”) has determined a way to plug approximately a fifth of the UK’s infrastructure funding gap over the next decade, by tackling one of the “mega-gaps” the UK faces over the next ten years: infrastructure.
Today, Legal & General launches a report entitled “The power of pensions: How pension savings can help to build the UK’s infrastructure and drive growth in all regions”, which focuses on how Legal & General and other insurers can tackle the UK’s infrastructure gap and encourage “inclusive capitalism” that improves everyone’s lives.
Investment in infrastructure is key to maintaining the long-term competitiveness of the UK economy and is vital to delivering the Government’s modern “Industrial Strategy”.
The infrastructure investment gap over the next ten years is likely to be £1 trillion. Regions across the UK are calling out for investment in transport, homes and energy in order to bring infrastructure up to where it needs to be to support our society’s needs.
Read The power of pensions report here
Read the full press release via the link below
“In order to have a strong and competitive economy on the world stage, the UK needs to invest a significant sum into improving its infrastructure and levelling up all regions.
“Long term investors like Legal & General have an important role in delivering regeneration, housing, transport and renewable energy investment by harnessing the ‘power of pensions’.
CEO, Legal & General Group