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Major pension funds and insurers launch new partnership to help drive growth

  • Twenty of the UK’s largest pension providers and insurers are launching an investor-led partnership to enhance affordable housing, improve broadband, and finance growing businesses.
  • Legal & General has initiated the investment drive with a £2 billion commitment by 2030, aiming to create 10,000 affordable homes and 24,000 jobs.
  • Chancellor Rachel Reeves stated that this initiative is about uniting savings, investors, and regions to enhance growth and create jobs across the UK.
  • Pensions minister Torsten Bell highlighted reforms to support British pension savers and enhance community investment across the country.
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Evening StandardEvening Standard
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Major pension funds and insurers launch new partnership to help drive growth

The Sterling 20 will be established at the Regional Investment Summit in Birmingham on Tuesday.

·London, United Kingdom
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  • 57% of the sources lean Left
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The Independent broke the news in London, United Kingdom on Sunday, October 19, 2025.
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