Government should require all UK pension funds to support UK growth
UK Pension Funds should support green growth, infrastructure, climate and nature protection. At least 25% of each pension is funded by taxpayers, which could justify requiring allocations to domestic long-term growth projects. UK pension funds have slashed their exposure to equities, especially in the UK, but diversification to higher return assets is overdue. Until late 1990s, pension funds relied on high equity allocations: Actuaries and regulators used to assume that equity investment was the most appropriate asset class for long…