Investors back Pensions Platform

18 October 2012 The initial investors in the Pensions Investment Platform (PIP) have been revealed.
Chief Secretary to the Treasury Danny Alexander welcomed the progress made by the National Association of Pension Funds (NAPF) and the Pension Protection Fund (PPF) in securing "a critical mass of Founding Investors".

It is expected the Founding Investors will provide around half of the target £2bn of investment capital for the platform, before it launches early next year.

Joanne Segars, Chief Executive, NAPF, said: "This is an important milestone for an exciting and unique project. Pension funds are on the lookout for long-term, inflation-linked investments, and infrastructure projects can be a strong match. We’ve had some useful talks with the government over the past six months, and we will continue working together to take this project forward."

The government, the NAPF and PPF signed a memorandum of understanding to create the PIP last year. It forms part of plans to encourage up to £20bn of private sector finance for UK infrastructure over the next decade announced at the Autumn Statement 2011.

"These plans remain on track," said the Treasury.

Work will now start on recruiting adequate resource and further developing the PIP in time for its launch in early 2013.

The Founding Investors are: BAE Systems Pension Funds, BT Pension Scheme, Pension Protection Fund, The Railways Pension Scheme, Strathclyde Pension Fund, and West Midlands Pension Fund

This page was last updated on:
24 May 2016.

thumb

Keeping positive

The troubles afflicting Edinburgh’s PPP schools should not detract from what the best examples of the model can offer

“The Mood is Very Positive”

Sir John Armitt, Institution of Civil Engineers president, member of the National Infrastructure Commission and chair of the National Needs Assessment, gives his take on the UK’s infrastructure landscape

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...