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Scottish Widows, Aberdeen and IP Group make first pension-linked tech investments
Original: Scottish Widows, Aberdeen Investments and IP Group announced their first investments connecting workplace pension saving
Scottish Widows, Aberdeen Investments and IP Group have announced their first investments channelling workplace pension savings into high-growth UK science and technology companies through the CG Scottish Widows Growth Long-Term Asset Fund. The move links pension money to venture-style backing of UK startups, a model policymakers have encouraged to boost domestic growth capital. The news was reported by Tech.eu and is drawing attention in the UK investment and startup community.
Why now: The first tangible deployment of workplace pensions into UK science and tech via the new LTAF marks a notable shift in how retirement savings fund high-growth companies.
Scottish WidowsAberdeen InvestmentsIP GroupCG Scottish Widows Growth LTAF
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