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| Link to Evening Standard |
"Council leaders are considering combining London’s local authority
pension funds, freeing them to invest up to £2.5 billion a year in
infrastructure projects in the capital.
"They are debating a plan to unite the pension funds from the 33
boroughs, Transport for London and the London Pension Fund Authority,
which looks after pensions for ex-employees of the former Greater London
Council.
"This would create a £30 billion pot, and allow up to
£2.5 billion a year to be reinvested in London projects such as social
housing, transport, waste disposal and recycling."
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