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News Link • Economy - International

Elite pension funds back infrastructure investment vehicle

• Reuters

A government plan to kick-start the economy by drawing billions of pounds of pension fund money into roads and rail has moved closer to reality after several large pension schemes formally signalled interest.

The BAE Systems Pension Fund, BT Pension Scheme, Railways Pension Scheme, Strathclyde Pension Fund and West Midlands Pension Fund have agreed to become Founding Investors in the Pensions Infrastructure Platform (PIP), a vehicle by which funds can back projects that meet their investment criteria.

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