Pensions News

UK local authority pension funds officials are currently looking at the possibility of investing in schools throughout the UK through private finance initiatives, which of course, would be a huge development for the UK Education system.

The legalities are just being drawn up, but there is a good chance that the deals may start to take place throughout 2009.

Invest in schools through private finance initiatives

UK local authority pension funds officials have been in discussions with a quasi-government body about the prospect of investing in the building of UK schools through private finance initiatives (PFIs).

A spokeswoman for Partnerships for Schools, a quasi-government body created to manage the building of schools through PFIs, said it has been approached by local government pension fund advisers to consider whether they would be willing to include pension fund assets as an investment route for the building of schools.