Alex Waite comments on George Osborne's plans to use the council pension pot to fund local projects
11 January 2012

George Osborne is planning to raid the £140 billion council pension fund to pay for new roads, bridges and homes, The Times has learnt.

Under the plan, local authorities would pool their collective investment power.  A separate investment trust could be set up with some independent members to advise on where funds should be spent and guard against conflict of interest.

Alex Waite, partner at the actuary consultants Lane Clark & Peacock said: "There is a huge potential in this area as there is a natural match between cashflow profiles of pension schemes and infrastructure projects."

The Times
11 January 2012