UK Pension Schemes Act a mixed bag for impact investors
The UK Pensions Scheme Act, which became law in April, seeks to reinforce the consolidation of a fragmented pensions industry to improve outcomes for savers and, potentially, direct more institutional funding into under-invested areas of the economy. That could herald greater institutional investment in impact funds and other impact-related investment vehicles, but it remains unclear how effective the act will be in achieving that. One headline measure is the creation of multi-employer, defined contribution (DC) megafunds of at least £25bn (€28.9bn),...
