UK pension funds join forces with government to launch Sterling 20 initiative

The move is part of a regional growth drive and comes as the government ramps up its efforts to drive growth as part of its Plan for Change. Chancellor Rachel Reeves has joined forces with the organisations and will meet them, alongside Australia's biggest pension fund, AustralianSuper, in Birmingham at the inaugural Regional Investment Summit tomorrow, where the initiative will be formerly launched. The formation of the Sterling 20 initiative – which is being established alongside the City of London Corporation – comes after 17 of the largest UK workplace pension providers announced ...