There has been a lot of discussion in the industry news recently about pension funds financing future infrastructure investment and the hurdles which have prevented this from happening so far on a large scale in the UK.
The UK Treasury is currently holding a series of meetings with pension funds and industry bodies to discuss ways of making infrastructure financing more attractive to them.
One of the main hurdles is that most pension funds do not have the in-house experience to allow them to lend directly so we thought it would be useful to hear from one of the few established pension funds in this market with its own in-house team.
Today we are releasing an Industry Insights video with Toby Stokes of Aviva’s Commercial Finance team.
In this interview Toby explains:
1. how and why Aviva got involved in PPP projects
2. how their loan offering differs from bank debt
3. why an Early Repayment Fee may be needed and how it is calculated
4. his view of the future of PPP and Aviva’s ability to lend long term.