To ask the Chancellor of the Exchequer
(1) in which financial years he plans that support from UK pension funds will be allocated to the National Infrastructure Plan;
(2) what the value is of the support committed to the National Infrastructure Plan from UK pension funds;
(3) what progress he has made in securing pension funds’ agreement to finance the Government's National Infrastructure Plan.
The National Association of Pension Funds (NAPF) and the Pension Protection Fund (PPF) are currently in the process of raising development and investment capital, with the aim of launching a pension investment platform in early 2013 to invest in UK infrastructure projects.
NAPF and the PPF have publicly stated that they expect the platform initially to raise £2 billion of pension fund investment to deploy in appropriate UK infrastructure.