UK Pension Providers Team Up in Push for Infra, AI Investments

Some of the UK’s largest pension providers and insurers have formed a group seeking to channel more money into the nation’s infrastructure and fast-growing businesses in sectors including artificial intelligence and fintech.

The “Sterling 20” group will work with the UK’s Office for Investment to identify regional investment opportunities, the UK Treasury said in a statement on Monday. The announcement comes ahead of a regional investment summit the government will host in Birmingham on Tuesday.

Legal & General Group Plc, the UK’s largest asset manager, and government-backed pension fund Nest, have already committed billions to build more affordable housing ...