Pension funds should be used for homes

27th March 2015

Labour’s shadow London minister Sadiq Khan has suggested that town hall pension funds should be invested in affordable and social homes to help solve the capital’s housing crisis. He said London boroughs have funds worth £6bn, expected to rise to £24bn by 2020, which could build 30,000 homes a year - increasing to 120,000 - if it was all ploughed into housing.

Evening Standard (20/03/15)