The power of pensions
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”.
There are three ‘mega gaps’ that hold back our economy from being truly inclusive: infrastructure, age and carbon. The answer: Both Defined Benefit (DB) and Defined Contribution (DC) schemes need to invest their funds into infrastructure to generate the returns that pay their members’ income.
By specifically harnessing the pensions wealth we already have in this country, we can deliver regeneration, transport, housing and renewable energy investment. Doers, such as Legal & General, can be a catalyst for delivering a more inclusive form of capitalism using the power of pensions.
Nigel Wilson, Chief Executive, Legal & General Group comments:
"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".