Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Infrastructure investment limit doubled

  • Comment

Councils will be able to invest twice as much of their pension assets in infrastructure schemes such as house-building, energy projects and high-speed rail, local government minister Brandon Lewis (Con) has announced.

Mr Lewis said the government will change the law so that councils can invest up to 30% of their holdings in the projects. It is double the current limit of 15%.

“Unlocking town hall pension pots so they can invest more in vital infrastructure projects will help this country complete on a global scale and get Britain building”, Mr Lewis said.

He said changes to the 2009 Local Government Pension Scheme (Management and Investment of Funds) Regulations would allow the extra investments to take place. The combined value of investment assets held under the LGPS is £150bn.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.

Related Jobs