Laura Sharman 05 October 2015

Council pension funds to be combined to fund infrastructure projects

Council pension funds to be combined to fund infrastructure projects image

Local authority pension funds are to be combined into six new British Wealth Funds to help increase investment in major infrastructure projects.

Chancellor George Osborne will announce plans to pool the assets of 89 pension funds in England and Wales into new funds worth more than £25bn at today’s Conservative conference.

He is expected to say that only 0.5% of assets are currently invested in infrastructure, while countries with pooled public pension funds invest up to 8% in such projects.

He will also use the conference to officially launch the new National Infrastructure Commission, headed up by former cabinet minister Lord Adonis. The commission will advise the Government on where and when major projects such as rail links and airports should be built.

Mr Osborne is expected to say: ‘Where would Britain be if we had never built railways or runways, power stations or new homes? Where will we be in the future if we stop building them now?

‘I am not prepared to turn around to my children – or indeed anyone else’s child and say I’m sorry we didn’t build for you.’

Highways jobs

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East Riding of Yorkshire Council
£32,029 - £34,788 per annum
Currently seeking an enthusiastic and experienced individual to manage our Traffic Team. East Riding of Yorkshire
Recuriter: East Riding of Yorkshire Council

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£18117 - £19106.0 per month
Annual Salary JNC SCP 3 - Unqualified £18,117JNC SCP 6 - Qualified £19,106 We are currently seeking a Youth and Community Based Commissioner to suppo England, Essex, Colchester
Recuriter: Essex County Council

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£24001.0 - £28280 per annum
Technology Services is focused on ensuring current and future investment in technology to maximise the opportunities to support ECC from a technology England, Essex, Basildon
Recuriter: Essex County Council

Youth Worker x7

Sandwell Metropolitan Borough Council
£18,795 - £19,945 per annum
Looking for a Youth Worker who can meet the needs and aspirations of young people and deliver high quality Youth Work. Sandwell, West Midlands
Recuriter: Sandwell Metropolitan Borough Council

Customer Specialist

Essex County Council
£20001.0 - £22220.0 per annum
Essex County Council (ECC) are currently recruiting for a Customer specialist within the Technical Processing and Optimisation Team. The Team is respo England, Essex, Chelmsford
Recuriter: Essex County Council

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