UK government unit targets £99bn of investment from Australian pension funds

A plan to target £99bn of overseas pension investment into key UK projects by 2035 has been announced only weeks after the government struggled to pass its pensions schemes bill. A new “Supers Unit”, led by the Office for Investment, aims to boost collaboration and streamline investment from Australian pension funds into growth sectors, including infrastructure, real estate and private markets. This follows a memorandum of understanding signed at last month’s IMF meetings between UK chancellor Rachel Reeves and Australian treasurer...