Pension Funds Investing in Affordable Homes

The Pension Insurance Corporation (PIC), intends to invest £500m over the next five years to build about 1,000 affordable homes across England and Wales. Allen Twyning of PIC explains.
"What [affordable housing] offers is very predictable rental cashflows linked to inflation, a lot of these driven by central government policy. They are sustainable investments. They’re there for the long term; it is a really good match for what we’re trying to do in terms of paying pensioners and helping create homes for people who desperately need them.”

Legal & General pledged last year to construct 3,000 affordable homes over five years,


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