Local authority pension funds managing hundreds of billions of pounds have told UK chancellor Jeremy Hunt that returns from new nuclear power plants need to be “compelling” to attract their cash. The chancellor is looking to pension funds to help finance the government’s ambition for nuclear power to meet a quarter of the UK’s electricity needs by 2050. Several town hall pension funds, managing more than £100bn in assets between them, were called to a meeting with Hunt this week, … read more »
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