UK pension funds increasingly look into impact investing
UK pension schemes seem to be taking impact investing increasingly into consideration, more specifically social infrastructure and affordable housing.
According to a survey conducted by Pensions for Purpose and sponsored by Big Society Capital researching UK pension funds with total assets under management of around £150bn (€180bn), more than 50% of schemes hold some form of impact investment which focuses on positive social or environmental outcomes as well as financial returns.
It also shows that 90% of respondents are looking to make impact investments in the UK. Of the schemes already making impact investments, these account for almost 5% of their total assets under management.
Social infrastructure – such as hospitals and schools – and social and affordable housing are the most popular social impact investments for these investors, with 78% and 44% investing in these areas, respectively, the research disclosed.
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