UK: Investors call for reform of defined benefit pension plans

Source: Agenzia Nova Investors are calling on the UK government to reform the £1.200 trillion so-called defined benefit pension schemes to free up billions for infrastructure and real estate, the Financial Times reported. “The schemes need to be a priority: they have the potential to make money available more quickly than other sectors,” said Insight Investment’s head of solutions engineering, Jos Vermeulen. Second Owen McCrossan, head of investment for abrdn's pension funds, a 5 per cent allocation of assets [...]