HM Treasury launches ‘Sterling 20’ initiative to channel pension investment into UK growth sectors
HM Treasury has announced the launch of the ‘Sterling 20’, a new investor-led partnership between 20 of the UK’s largest pension providers and insurers, aimed at directing pension capital towards housing, infrastructure and high-growth sectors. The initiative, to be formally launched at the first Regional Investment Summit in Birmingham on 21 October 2025, will work with the government and the City of London Corporation to channel pension savings into key areas of the economy, including AI and fintech. Legal & General has committed £2bn by 2030 to deliver around 10,000 affordable homes and support the creation of 24,000 jobs, while Nest intends to provide Schroders Capital with £500m, with £100m expected to be channelled into UK investments in the coming years and £40m for broadband expansion in rural Scotland and northern England. Chancellor of the Exchequer, Rachel Reeves, said the initiative aims to get Britain building again, bringing together savings, investors and regions to deliver the homes, infrastructure and industries that will drive growth.