Govt and pension schemes to meet over £20bn investment plan

A Memorandum of Understanding (MoU) signed by the Treasury, the National Association of Pension Funds (NAPF) and the Pension Protection Fund (PPF) stipulates officials will meet twice a month or more to help boost infrastructure allocations above 2.5% for schemes. A framework for the infrastructure plan, announced during chancellor George Osborne's autumn statement last year, will then be revealed in the 2012 budget. The plan is part of an initiative intended to generate about £170bn of private sector investment in UK infrastructure required by the Treasury. The agreement, released...