Past event

Invitation Only

Investing in Infrastructure Debt: Creating Opportunities for UK Pension Funds

Chatham House, London

Innovative Financing For European Infrastructures

Participants

Sally Bridgeland, Chief Executive Officer, BP Pension Trustees Ltd
Mike Edwards, Business Development, Bulk Annuities and Longevity Insurance, Legal & General
Geoff Haley, Chairman, International Project Finance Association
James Wilson, Chief Executive Officer, Macquarie Infrastructure Debt Investment Solutions (MIDIS)
Chair: Paola Subacchi, Research Director, International Economics, Chatham House

Overview

UK defined benefit pension schemes are the largest private payer of inflation-linked liabilities, while UK infrastructure assets represent the largest private source of inflation-linked cashflows. At present, the two sides are intermediated, increasingly inefficiently, by banks operating expensive inflation-swap books. This meeting will explore the opportunities created by pension funds lending directly to infrastructure assets in inflation-indexed form. The speakers will test the argument that any potential benefits will be shared between the pension funds and the infrastructure assets. They will also explore the expectation of a ‘social dividend’ as greater efficiency results in lower cost delivery of infrastructure to the UK economy.

The meeting will see the presentation of the White Paper Inflation-linked infrastructure debt: Unlocking the barriers to pension scheme investment by the team at Macquarie Infrastructure Debt Investment Solutions (MIDIS) 

This event will be held under the Chatham House Rule.

The event is supported by Macquarie Group.

Attendance is by invitation only.

This event is part of a project on the issue of financing infrastructure and the role of long-dated securities.