The Pension Infrastructure Platform (PIP) will avoid construction risk and offer both debt and equity investment portions for UK investors, plan organisers say.
The PIP is Chancellor George Osborne's plan to secure £20bn in pension fund investment for UK infrastructure projects. Pension Protection Fund (PPF) chief executive Alan Rubenstein and National Association of Pension Funds NAPF) chief executive Joanne Segars said the platform would bypass greenfield investments due to pension schemes' hesitance on infrastructure construction risk. They also announced the PIP would aim for a January 2013 launch with £2bn of capital invested from pension schemes. The organisations are currently in talks with ten to 12 schemes about committing money t...
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