Insurers could help close the United Kingdom’s infrastructure gap, which could reach as much as £1 trillion ($1.25 trillion) over the next 10 years, and boost the economic health of the United Kingdom following COVID-19, according to a new report by Legal & General.
According to the new report, The power of pensions: How pension savings can help to build the U.K.’s infrastructure and drive growth in all regions, regions across the United Kingdom are calling out for investment in transport, homes and energy in order to bring infrastructure up to where it needs to be to support our society’s needs.
The report focuses on how Legal & General and other insurers can tackle the United Kingdom’s infrastructure gap through Pension Risk Transfer (PRT), where a defined-benefit pension provider seeks to remove some or all of its obligations to pay out guaranteed retirement income to plan participants. The insurer will invest the pension scheme’s funds i
