If levelling up + net zero is the goal and infrastructure is the ball then @hmtreasury is the striker. What boots are they wearing and how did they finance them? Actual podcast, confused metaphor free zone). https://t.co/3FT0dldK11
Government as underwriter of last resort in DB pension fund(ing). Echoes through decades of U.K. debate too. https://t.co/uHFMaq5Cgm
Structures don’t always explain everything. But pension funds success or failure they surely do. ? https://t.co/dOfT1VGztK
@stephenboydecon @ewangibbs Ben Jackson has - if memory serves - a neat aphorism on this new reality in most recent @po_qu
@JosephineCumbo Governance issue crucial in reshaping of Australian DC market as set out here: https://t.co/HolmsHozob
@JosephineCumbo I can see the attraction. I mean these kinds of investments play big role in Australian industry funds success, but in addition to their collective scale driving down cost, trustee governance all round provides legal protection for members.
@JosephineCumbo U.K. seeks to ‘do an Australia’ and raise DC allocations to unlisted assets, a worthy ambition. Major Australian lesson: the industry funds used their collective scale to ensure price makers not price takers on illiquids
As the U.K. looks to build back better, unlocking long term pension fund £s for greenfield infrastructure is the holy grail. Here’s how? https://t.co/iiUP6KXnLW
Solution proposed- scale harnessed by not for profit institutions investing for the long term in the members interest - already exists in Australian DC industry funds model and is worth taking close look at. No other DC system has cracked long term illiquid allocations #pensions https://t.co/0mFp1gcz03
Infrastructure is a long term thing so collective pension capital is government’s natural partner > https://t.co/f2GbAAYvif