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Three pension giants have made a fresh \u00a33bn wave of commitments to invest in rental homes, infrastructure and fast-growing companies, ahead of a government-backed meeting in Birmingham to discuss how they can work together to boost their investments.\u00a0<\/p>\n
Legal & General said on Monday it would invest a further \u00a32bn across housing and infrastructure over the next five years, in addition to a previous pledge made in 2022 to invest \u00a32.5bn in build-to-rent homes.<\/p>\n
AustralianSuper, Australia\u2019s largest pension<\/a> fund, announced an initial commitment to invest \u00a3500mn within 12 months in UK residential projects, with a focus on student, co-living and residential homes, and an ambition to become a \u201ctop five operator\u201d of rental homes by the end of the decade.\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n Meanwhile, the \u00a353bn state-backed National Employment Savings Trust (Nest) has pledged to invest a further \u00a3500mn in its private equity mandate with Schroders in the next 12 months, with \u00a3100mn expected to be channelled into UK companies.\u00a0<\/p>\n The move comes ahead of pension summits in London and Birmingham this week that aim to strengthen relationships between institutional investors and policymakers as well as identify barriers to investment in the UK.<\/p>\n \u201cThis is about getting Britain building again, bringing our savings, our investors and our regions together to deliver the homes, infrastructure<\/a> and industries that will drive growth,\u201d said UK chancellor Rachel Reeves.<\/p>\n Residential housing has become more attractive to institutional investors in recent years as housing constraints in Britain have had a significant impact on rents. As of 2025, average UK rents have risen by 8.7% year on year, according to the Office for National Statistics.<\/p>\n Vicky Stanley, senior investment director for real assets at AustralianSuper, said she liked the UK\u2019s residential sector in particular because of the \u201cstructural supply and demand imbalance that\u2019s built up over decades\u201d.<\/p>\n L&G said its latest investment commitment would create about 24,000 jobs and deliver roughly 10,000 new social and affordable homes, \u201cdelivering on L&G\u2019s dual purpose of generating financial returns and societal benefits\u201d.<\/p>\n