Member

If the schemes could not club together, as my amendment contemplates, the local pool would need to have a 20% asset allocation to a single piece of infrastructure in its patch. It is a nonsense. It breaks every investment rule in the book: concentration risk and lack of diversity. It cannot be right. The Government prevent all the other schemes jumping on the bandwagon of an otherwise good opportunity. The effect is that a pension pool in the south would not be able to invest in an infrastructure opportunity in the north. How crazy is that?