The London Pensions Fund Authority has joined the list of founding investors in the Pensions Infrastructure Platform.
PP revealed last month that the Lloyds TSB pension scheme had become an investor in the infrastructure fund - but the launch date for smaller schemes has been delayed until mid-2013.
A tenth pension scheme has committed to invest in the platform, but has not yet been announced.
Newly-appointed LPFA chairman Edmund Truell said: "We are delighted to support this initiative while at the same time being confident that our funds will enjoy attractive, risk-mitigated returns."
The fund joins the likes of British Airways Pension Scheme, BAE Systems Pension Funds, BT Pension Scheme, Pension Protection Fund, The Railways Pension Scheme, Strathclyde Pension Fund, and West Midlands Pension Fund.
All the schemes have pledged to provide £100,000 to fund start-up costs and a soft commitment of £100m to invest in the fund.
The tenth mystery investor takes total commitments to £1bn - halfway towards the fund's target of £2bn.
The government will set up an infrastructure bank to support investment and to co-invest alongside investors including pension funds.
The Retail Prices Index (RPI) will be reformed and aligned with the housing cost-based version of the Consumer Prices Index, known as CPIH, by 2030, the Treasury has confirmed.
Estatee agent denies a shareholder’s absence from voting is an issue, finds Minerva Analytics.
In this live blog, Professional Pensions' sister title Investment Week collates all the breaking market news, analysis and opinion on equity, bond and currency movements as well as the impact of trade wars, tightening monetary policy and the Brexit negotiations....
Attractive valuations and prospects for economic recovery support small-caps