London and Manchester pensions unveil £500m tie-up

Town halls plan to deploy pensions cash on public infrastructure projects in the UK

Thursday 22 January 2015 at 06:49

London and Manchester pensions unveil £500m tie-up

Two of the biggest public sector pension funds in the UK are putting together a common infrastructure investment pool worth £500 million, the latest in a number of such joint investment initiatives.

The partnership, between the £16 billion Greater Manchester Pension Fund and the £4.9 billion London Pensions Fund Authority, will invest exclusively in UK infrastructure assets.