Boris Johnson

Boris Johnson has called for the UK's public sector pension schemes to be pooled into one sovereign wealth fund so money can be invested into Britain's infrastructure.

Local authority pension funds should pool together and invest in housing and associated infrastructure, a report has said.

London mayor Boris Johnson is to convene a high-level meeting of UK pension funds in a bid to source billions of pounds of investment in London housing projects, PP has learned.

Mayoral special

London councillors are exploring plans for a £30bn pan-London pension fund merging the assets of Transport for London, the City of London Corporation and 33 borough councils.

A £3m rescue package for the Visit London section of the British Tourist Board pension scheme has been agreed after the intervention of The Pensions Regulator.