The British government has unveiled the “Sterling 20”, a coalition of 20 of the UK’s largest pension funds — including Legal & General, Aviva, M&G, and the Universities Superannuation Scheme — to channel billions into UK infrastructure, housing, and innovation sectors.
📊 Key Commitments:
- £2.6 billion ($3.5 billion) pledged to UK assets.
- L&G to invest £2 billion in “impact” projects: affordable housing and regional regeneration.
- AustralianSuper to invest £500 million in UK rental housing.
- Nest to allocate £100 million through Schroders Capital as part of a larger £500 million private equity mandate.
💬 Finance Minister Rachel Reeves:
“This is about getting Britain building again – bringing our savings, investors, and regions together to deliver the homes, infrastructure and industries that will drive growth and create good jobs.”
The initiative will work with the City of London Corporation to mobilize long-term pension capital into productive assets, including AI, infrastructure, and housing, as the UK seeks to reinvigorate economic growth through private-sector partnerships.
📍The official launch takes place at the Regional Investment Summit in Birmingham, attended by major global investors, including Australia’s largest pension funds.