Bloomberg Talks
Phoenix CEO Talks Pension Funds, UK Optimism
Jan 30, 2025
Andy Briggs, the CEO of Phoenix, the UK's largest retirement savings business, shares insights on the economic outlook and investment strategies for pension funds. He discusses how the UK government is prioritizing infrastructure and startup investments to spur growth. Briggs delves into the challenges surrounding major projects like Heathrow's third runway and the need for collaboration. He also highlights the Future Growth Capital initiative aimed at enhancing local investments, balancing business interests with government objectives.
09:56
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Quick takeaways
- The UK government's commitment to infrastructure investment is vital for fostering economic growth and enhancing business confidence.
- A significant portion of pension assets remains underutilized in productive investments, highlighting the need for improved allocation strategies.
Deep dives
The Drive for Economic Growth
The government's commitment to driving economic growth is essential for improving business and consumer confidence in the UK. Infrastructure investment is identified as a key factor that not only creates jobs but also enhances the attractiveness of the UK for potential investors. Supporting the scaling of startups is equally vital, with initiatives like the European Silicon Valley highlighting the potential for rapid economic development. By leveraging the innovative capabilities of top universities, the government aims to transform academic advancements into scalable business opportunities, driving overall economic enhancement.
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