People’s Pension plans to invest up to £4bn into private market assets
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The People’s Pension has revealed plans to step into private market investment in the months ahead. The body is one of the biggest independent master trusts in the UK, serving more than 6.8 million pension savers and managing £31 billion in assets. It is set to start investing a significant proportion into private markets later this year, with a target to grow this allocation to £4 billion by 2030, initially in assets such as infrastructure and real estate.
The figure is based on projections around the total assets under management in the years ahead. A substantial part of the new allocation of assets could be deployed in the UK, if assets are available that meet the return requirements, the People’s Pension said.
The scheme has said its allocation will hinge on it being able to access a “dependable pipeline” of good quality assets that meet its return requirements at a fee level that leaves the benefits in the hands of members, and with the right operational structures in place.
This latest announcement follows the scheme’s statement last year that it has now reached the scale to deploy meaningfully into private markets. Chancellor Rachel Reeves said: “Growing the economy is the number one mission of the Government. “This public commitment from one of the UK’s largest independent pension master trusts to invest here, at home in Britain, will help drive economic growth and support our milestone of improving living standards across the UK.”.
