LONDON - Britain needs an additional one trillion pounds in investment in the next decade to grow the economy, a report said on Friday.
The investment could come out of the six trillion pounds in long-term capital in Britain's pensions and insurance sector, the report's lead author Nigel Wilson, former boss of Legal & General, told Reuters. UK pensions have a"significantly lower" allocation to domestic and unlisted equities than most developed market pension systems globally, according to a separate report published on Friday by think tank New Financial.
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