Companies link up to create investment manager designed to channel more pension money into private businesses
Phoenix Group, the UK’s largest savings and retirement business, has teamed up with FTSE 100 asset manager Schroders to launch a venture to channel more pension money into fast-growing private companies.
The government’s own review of the pensions system will “explore how we can unlock even more investment in the UK economy while boosting pension pots”, she added. Schroders has £750bn in assets, including £74bn run by its dedicated private markets business, Schroders Capital. There are just under 36,000 medium-sized private companies in the UK, according to government figures, compared with just 1,900 companies listed on the London Stock Exchange.
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