Britain is banking on this $3 trillion cash cow to revive its economy | CNN Business

UK finance minister Jeremy Hunt announced Monday that nine of Britain’s biggest pension providers had agreed to increase their investments in high-growth UK companies, a move that he said could unleash up to £50 billion of funding if other pension funds followed suit. As part of the compact, firms including Aviva\n \n , Legal & General\n \n and Mercer have committed to allocate at least 5% of assets in their default funds to unlisted companies by 2030.

They build on the “Edinburgh Reforms” unveiled in December, which amount to the most significant overhaul of Britain’s financial services policy in two decades.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Thames Water secures $962 million from investors but says it will need more | CNN BusinessInvestors in Thames Water have agreed to put an extra £750 million ($962 million) of equity funding into the troubled utility to hold off a temporary takeover by the government.
La source: cnni - 🏆 326. / 59 Lire la suite »

PGA Tour board member quits over 'serious concerns' with Saudi deal | CNN BusinessFormer AT&T CEO Randall Stephenson has resigned from his post on the influential policy board of the PGA Tour in protest to the proposed merger with Saudi-backed LIV Golf.
La source: CNN - 🏆 4. / 95 Lire la suite »

Florida is now America's inflation hotspot | CNN BusinessFlorida is America’s inflation hotspot, thanks to a persistent problem with sky-high housing costs.
La source: CNN - 🏆 4. / 95 Lire la suite »

Modelo tops Bud Light in sales for the second month in a row | CNN BusinessMexican-made Modelo Especial is the top-selling beer in the United States for the second straight month, once again snatching the crown from Bud Light.
La source: CNN - 🏆 4. / 95 Lire la suite »